Allison McGreal, Assistant Vice President

PartnerOne Environmental recently received a new submission for a demolition & asbestos abatement contractor located in upstate NY. They had just bound coverage elsewhere but ultimately the coverage was rejected by one of their large clients. This situation put the insured in a tough position, and their broker had to scramble to find a suitable alternative that the client would accept in just days to enable them to start the project. 

Fortunately, they reached out to PartnerOne for assistance. The broker, having worked with PartnerOne for a long time, was aware of our capabilities and asked if we could help in finding a solution.

The insured’s operations were a nice fit for our program — the loss runs were clean and the staff well qualified. They also had good jobsite safety protocols in place and no work in the 5 boroughs. We were able to quickly put together terms, meeting all client requirements, including New York Labor Law and some additional enhancements. We turned around the quotation in one day.  Based on $2,800,000 sales, we provided a $1M/$2M Primary (GL/Contractors Pollution & Professional) and $5M/$5M Excess quote with a combined annual premium of approximately $143,000. 

We provided them with the terms they required with competitive pricing, allowing us to win the account. They were able to continue working on the project, and the client and broker were extremely satisfied with the outcome.

Please consider having PartnerOne look at your New York risks at renewal to avoid last minute hiccups with contract wording. We offer broad coverage on NY domiciled risks and risks working in New York State. By writing this business with us, you can avoid having to move your accounts midterm. For more information or to discuss an account, contact us.