Coverage for Commercial Office Buildings

Commercial office buildings could potentially have many environmental risks such as mold, asbestos, water leaks, cleaning chemical spills, problems stemming from an HVAC system, a historic event, sewage backups, and much more. These risks can happen at any time and may remain undetected for an extended amount of time, resulting in a large claim.

Mold
Mold can occur from a leaky roof, plumbing leaks, improperly installed windows, and even when humidity is not properly controlled by the heating/air conditioning unit. It can spread quickly behind drywall and go undetected.

Asbestos
Asbestos is often found in office buildings built prior to the 1970s. Once found and “disturbed,” it can cause a serious health risk to anyone coming into contact with it and must be properly removed by a professional.

Chemical Spills
Cleaning supplies used in office buildings are another potential pollution exposure. If not stored, used, and disposed of properly, they can cause a serious risk to people if inhaled or touched. There is also a possibility of contamination to the site if a toxic cleaning agent seeps into the ground.

Historic Coverage
The insured may not be concerns about possible environmental exposures because they are only focused on the current building use. However, they may discover that there is prior damage, not only at their location but also at neighboring locations.

Air Quality
Problems relating to indoor air quality frequently occur in office buildings. Something as simple as having a room painted could create fumes that could make employees sick or a problem with the building’s roof or HVAC unit could create contaminated air.

PartnerOne Environmental offers Premises Pollution Liability, which provides coverage for both on-site and off-site clean-up, defense costs, and third party bodily injury and property damage claims. Available product enhancements include first and third party Transportation Pollution Liability, Natural Resources Damages, coverage for scheduled storage tank systems, Mold coverage, Extended Reporting Periods, and coverage for non-owned waste disposal sites.

Office buildings are in virtually every city in the U.S., so these exposures are very real concerns for many insureds. Take this opportunity to make sure your clients are properly covered. For more information on coverage for office buildings, contact your Beacon Hill Associates representative.

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Important Facts about Action Over

By Allison McGreal, Assistant Vice President

If you Google the term “Action Over” you can find a plethora of articles written by lawyers and insurance professionals explaining the coverage, the NY Labor Laws and how the GL policy may be impacted. Each article may be an excellent educational resource, but as you sit in your client’s office, do you have a good enough working understanding of the coverage that will enable you to explain the intricacies to your customers? Action Over coverage is complex and may be overwhelming, and it can be difficult to confidently discuss this coverage as it relates to a specific insured’s needs. Read the complete article.

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Recent success stories

$1.9M Soil remediation contractor purchased GL/CPL/E&O and a $5M Excess policy for $32,000. Coverage includes Blanket NODS, TPL, Emergency Response, AI, WOS.

$1.1M Asbestos abatement/demolition contractor purchased a $6M/$7M GL/CPL policy for $72,311. We had previously bound coverage with this insured last year and they flat canceled their policy when they found cheaper coverage elsewhere from a carrier that excluded third-party action overs. When they discovered their contracts require them to carry this coverage, they came back to us to get the proper coverage put in place.

$2.5 Environmental contractor purchased GL/CPL/E&O and a $5M Excess policy for a total of $23,709.

$1.5M Waterproofing contractor purchased CPL/E&O with Mold for $5,013.

$1.25M Asbestos/lead/mold remediation contractor purchased a $1M/$2M GL/CPL/E&O policy for $11,525.