Important Coverage for Contractors

With so many different types of contractors seeking insurance, knowing the right environmental product to recommend can be difficult. Whether they work with toxic materials, or specialize in roofing or HVAC installation, contractors have a broad range of exposures. Check out some of the differences between environmental and non-environmental contractors and ways to successfully sell environmental coverage to both groups.

Environmental Contractors

Contractors who work with hazardous substances on a regular basis, as well as consultants who assess the effects of contaminants require specialized coverage. PartnerOne Environmental usually considers an insured “environmental” if they have a minimum of 25% environmental operations. Read more about environmental contractors.

Non-Environmental Contractors

Non-environmental businesses could face many environmental risks stemming from their daily operations. Whether these actions create a pollution condition or aggravate an existing one, the non-environmental contractor can be held liable in the event of a claim, which their standard CGL coverage typically would not cover. Read more about non-environmental contractors.

______________________________________________

New! PartnerOne Energy Select

As the energy industry evolves, the need for quality, competitively priced coverage to insure energy contractors and consultants has also grown. PartnerOne Energy Select is designed for environmental energy contractors & consultants who provide a wide range of services, support, construction, and related drilling work for the oil & gas business segment. Target risks include: pipeline contractors, roustabout contractors, oilfield consultants, flowline construction, and more (no “over the hole” exposures). Coverage starts at $7,500 plus applicable taxes and fees. Learn more.

______________________________________________

Recent P1 Success Stories

– $5M Storage tank installation & transport contractor (operating nationwide) purchased ECPO ($1M/$2M) with $5M Excess policy for a total of $52,773.

– $500k Asbestos abatement firm in NY State (no work in NYC or 5 boroughs) purchased a $1M/$2M GL/CPL policy for $17,575.

– Transfer station collecting household waste for local municipality purchased Site Pollution for $5,000. $1M/$2M limit, $10,000 deductible including TPL and NODs coverage.

– $3M Environmental health and safety services contractor purchased GL, CPL, E&O ($1M/$2M) and a $4M Excess policy for $23,000. $25k Environmental consultant doing mold assessments purchased GL/CPL/E&O with Mold for $2,500.