 |
Environmental Risk Resources Association
|
|
       |
||||
| Underwriter Contacts | Programs | |||
The Environmental Risk Resources Association is a not for profit educational organization. We do not endorse or certify the quality or appropriateness of insurance products.
A broad array of specialty environmental insurance policies and programs are available. However as you will see by the broad array of specialty policies and programs that are available, environmental insurance can be a very complex topic. The effective procurement of environmental insurance requires specialized knowledge in environmental risk management topics and advanced insurance skills. Members of the Environmental Risk Resources Association are available to assist insurance agents and consumers in obtaining insurance coverage. Environmental insurance program can be powerful tools to use in an overall environmental risk management strategy.
As a free public service, ERRA staff is available to refer environmental insurance experts who are ERRA members to assist insurance agents and consumers in the procurement of environmental insurance. For assistance in finding an expert contact anne@erraonline.org
Tailored environmental insurance programs have been developed by underwriters or managing agents to match the insurance needs of a specific industry. If you would like to have a program listed or to have changes made to existing programs, please email the information.
Agricultural Aviation Association, National (NAAA)
American Indoor Air Quality Council (CIAQP, CIAQT, CIAQM, CMI, CMC and/or CMRS)
Builders and Contractors, Associated (ABC)
Chemical Distributors, National Association of (NACD)
Electric Power Supply Association (EPSA)
Hazardous Materials/Waste Haulers
Healthcare and Social Services Program
Landscape Architects/Golf Course Designers
New commercial construction covering mold liability
Public Entity Pollution Liability
Real Estate Investment Trusts, National Association of (NAREIT)
Restoration Contractor Package Policy
Small Business Environmental Coverage
Waste Facility Liability Program
Zurich U.S. Appoints BISA as Program Administrator for Abatement Contracting Risks -- Includes Contract Surety with Environmental Insurance Coverages; Provides Contractors with One- Stop Shopping
SCHAUMBURG, IL, January 17, 2000 -- The Environmental group at Zurich U.S. announced that it has appointed Bonding & Insurance Specialists Agency, Inc. (BISA) as Program Administrator for abatement contracting risks, including lead and asbestos abatement. Centralization of this specialty line enhances consistency of products and service delivery as BISA will now perform much of the underwriting, rating, quotation, policy issuance, and general servicing of this business on behalf of Zurich U.S. BISA, headquartered in Bridgeview, IL, specializes in insurance and surety for the environmental industry.
In addition, the BISA program includes surety bonding as a component of its overall environmental package approach. The complete package can include general liability, environmental liability, professional liability, workers' compensation, automobile, excess/umbrella, as well as surety bonds. Zurich U.S is one of the few insurers to combine all these products in its environmental program.
"We now have all relevant products available in one package -- one-stop shopping, if you will. That convenience and responsiveness, combined with BISA's preeminence in the environmental insurance/surety marketplace, yields a comprehensive program providing unmatched service to our brokers and insureds," said Ron Keegan, Assistant Vice President, Zurich U.S. Environmental group. Zurich U.S. also offers customers outstanding financial stability at a time when several environmental specialty insurers are being reviewed or downgraded by the rating agencies. Zurich is rated A+ (Superior) by the A.M. Best Company.
Contact BISA at (800) 346-1031, 9340 South Harlem Avenue, Bridgeview, IL 60455, Fax: 708-598-6686
GULF IMPROVES POLLUTION CLEANUP PROGRAM
(Posted 8/2/2000; Crittenden Environmental Liability News, Vol. 10, No. 6, June 5, 2000)Gulf improves its Agrichemical Retailers Association (ARA) environmental impairment liability coverage. The seven-year-old program offers claims-made pollution cleanup coverage for sudden and accidental spills of pesticides and fertilizers. The policy includes third-party property damage coverage.
Gulf broadens coverage with the removal of an exclusion clause pertaining to sudden and accidental spills impacting natural resources. The insurer also removes an exclusion addressing air borne incidents. Gulf expands the property cleanup policy by including the cleanup of leaks caused by defective tanks during the application process. The carrier also expands the mileage radius from 50 miles to unlimited cleanup of vehicle upset and overturn chemical spills. Premiums begin at $2,000 for the broader form. Limits go to $1 million per scheduled facility with a $25 million aggregate. Single release limits of $1 million are offered. Defense costs apply within the limits of liability. Insureds can opt for a $10,000 minimum SIR.
Contact: Jim Graff, Jardine Group Services, Phone: (312) 922-9350, Fax: (312) 922-9321
Agricultural Aviators Environmental Impairment Liability Program
Gulf Insurance announces their National Agricultural Aviators Association Environmental Impairment Liability coverage provides claims made clean up costs for sudden and accidental release of chemicals as a result of a crash or release to avoid a crash.
Coverage:
Claims made coverage for Pollution Clean Up Costs
Third Party Property Damage
Limit/Capacity:
Single release $1,000,000
Up to $1,000,000 per scheduled facility
$25,000,000 aggregate
Customer Profile:
Agricultural Aviators
Highlights
Includes unlimited transportation radius
Coverage for critical liquids in transit
Incidental above ground storage of petroleum products
Defense costs included within the limit of liability
Dedicated claims service
Minimum Premium: $1,500
Minimum SIR: $10,000
Contact: Jim Graff at Jardine Group Services, Phone: (312) 922-9350, Fax: (312) 922-9321
E&O for Certified Contractors with the American Indoor Air Quality Council
For those who hold a certification (CIAQP, CIAQT, CIAQM, CMI, CMC and/or CMRS) with the American Indoor Air Quality Council will be pleased to know that professional E&O insurance coverage THAT INCLUDES MOLD can be obtained. This is not "group coverage" hence, individual underwriting requirements will have to be met to obtain coverage.
Second, those who want MOLD insurance coverage for commercial properties will find our Certified Indoor Air Quality Manager (CIAQM) program plays an important role in qualifying for such coverage. Experienced property managers, facility managers and corporate policy makers all may have an opportunity to qualify for mold coverage for their commercial properties when they become certified through the American Indoor Air Quality Council.
For more information contact bill@legends-enviro.com Bill Lohman, Legends Environmental Insurance Services, LLC, 1305 Gene Autry Way, Anaheim, CA 92805 800-992-6999
Massachusetts Brownfields Redevelopment Access to Capital
Acting as the selected insurer for the Massachusetts Brownfield Redevelopment Access to Capital (BRAC) program, AIG Environmental created an exclusive insurance program that simultaneously protects Massachusetts developers from escalating costs or unknown legal liability while protecting Massachusetts lenders against defaults due to expenses from polluted conditions. The program includes specifically modified Pollution Legal Liability Select ® (PLL Select ® ), Cleanup Cost Cap (CCC) and Secured Creditor Impaired Property Policy (Secured Creditor) policies as the primary products used to provide the specific coverage needs of the program. The end result is a program that offers strong incentives for the private financing of contaminated property redevelopment by addressing solutions to a typically lengthy list of serious environmental risk exposures faced by both lenders and developers alike.
Contact: email AIG, find an AIG underwriter in your area or go to the AIG Environmental home page.
Associated Builders and Contractors (ABC)
The nationwide Associated Builders and Contractors, Inc. endorses AIG Environmental's environmental insurance program that was built specifically for the needs of their members. Until recently, many ABC members were unaware of the magnitude of the financial risks that not only threatened environmental contractors, but general contractors as well. With no-cost enhancements, this pre-negotiated package nails down incidents that result in bodily injury, property damage or environmental damage from polluted conditions. The Contractors Pollution Occurrence (CPO) can be customized with Supplemental Environmental Auto Liability to cover accidental hazardous spills during transport. For ABC members, these options help build a strong foundation for their operations and can provide shelter against resulting financial liability that stems from environmental exposure.
Contact: email AIG, find an AIG underwriter in your area or go to the AIG Environmental home page.
National Association of Chemical Distributors (NACD)
American International Companies® (AIG) has the endorsement of The National Association of Chemical Distributors (NACD) for its program of specific environmental and casualty coverage including custom management liability for their members. This program offers association members the Environmental and General Liability Exposures ® (EAGLE ® and EAGLE ® Umbrella) programs that are customized to meet risks of environmental exposures specific to the chemical distribution industry. Additionally, members who comply with the Responsible Distribution ProcessSMcan receive special allowances, enhancements and discounts on EAGLE ® products. Moreover, when the management of privately held mid-sized companies such as chemical distributors are faced with liability threats, the NACD program also offers PrivateEdgeSM which provides broad coverage for employment practice claims and private securities claims.
Contact: email AIG, find an AIG underwriter in your area or go to the AIG Environmental home page.
CHURCH MUTUAL ADDS ENVIRONMENTAL DEFENSE
(Posted 8/2/2000; Crittenden Environmental Liability News, Vol. 10, No. 6, June 5, 2000)House of worship leader Church Mutual improves its Crusader Series A and Crusader Series E multi-peril policies with the addition of a new legal defense policy. The defense of environmental suits is one of a number of legal actions lodged against an insured that is covered by the legal defense policy. Other legal actions covered include defense of suits involving contract disputes, discrimination suits, debt collection, landlord/tenant disputes, title to property, federal agencies, and investment transactions.
Coverage applies to countersuits and counterclaims taken as a defensive measure. The new coverage does not apply to actions initiated by the insured. Series E policyholders receive coverage only on churches and day care centers. The new Legal Defense Coverage covers legal costs of defending lawsuits filed against officials, employees and volunteers working on behalf of a church, school, college, camp, day school, day care center, denominational office or assisted-living facility. The Legal Defense Coverage delivers the costs of defense and judgments for suits that Series A and Series E policy general liability coverage may or may not provide. The minimum premium for Legal Defense Coverage is $20 a year for a policy with $5,000 limits and $42 a year with a maximum limit of $15,000. The coverage carries a $250 deductible per occurrence. All new Series A and Series E policies automatically include the new coverage at the minimum limits. Insureds may increased the coverage at their option. Existing insureds can arrange to add the coverage at the time of renewal.
Meanwhile, the insurer enters New Hampshire on a direct sales basis. New Hampshire becomes Church Mutual's 47th state. Church Mutual is a direct writer in all states except Alabama, Arizona, California, parts of Florida, Idaho, Kentucky, Montana, part of Oregon, Nevada, Tennessee and part of Washington where general agents are employed. The insurer does not operate in Alaska, Hawaii and Maine.
Contact: Pat Moreland, 3000 Shuster Lane, Merrill, WI 54452, (715) 536-5577, (800) 554-2642. www.churchmutual.com
American Safety has partnered with Casualty and Surety, Inc., a Program Manager specializing in the mining industry, to provide a liability program to coal mining operations.
Program Benefits:
Coverage for General Liability, Pollution Liability, and Umbrellas
Limits up to $10,000,000 available Coverage available nationwide for coal mine owners, operators, and contractorsFor More Information Please Contact: Kenneth A. Schneider, Senior Vice President, Underwriting Environmental Program Business Group, American Safety Insurance Services, Inc. 1845 The Exchange Atlanta, GA 30339 Phone: (770) 485-4310 Fax: (770) 955-8339
Email: rparks@americansafetygroup.com
American Safety Group's Environmental Program Business Group has joined with Intercorp, Inc. to provide environmental impairment liability insurance for dry cleaners nationwide. This program is designed to address the pollution risks and exposures faced by the dry cleaning industry.
Program Benefits:
Multi-state Availability
Coverage for bodily injury, property damage, and clean-up costs related to an environmental impairment incident
Limits up to $5,000,000 available
Premiums begin at $1500
Coverage for full "prior acts" available
For More Information Please Contact: Kenneth A. Schneider, SVP, Underwriting Environmental Program Business Group, American Safety Group Insurance Services, Inc., 1845 The Exchange, Atlanta, GA 30339, Phone: (770) 485-4310, Fax: (770) 955-8339, Email: rparks@americansafetygroup.com
Electric Power Supply Association (EPSA)AIG Environmental® is endorsed by the Electric Power Supply Association (EPSA) as the environmental insurance provider for the EnergyPak program. This unique program was formed to provide broad commercial insurance protection specifically for those involved in today's dynamic power industry. With deregulation, opportunities in the power industry abound. Taking full advantage of strategies that can make you more competitive in this marketplace is key and ensuring that environmental exposures don't hamper a deal is an important part of the mix. AIG Environmental offers EnergyPak participants custom environmental liability policies including Cleanup Cost Cap (CCC), Pollution Legal Liability Select ® (PLL Select ® ) and Environmental Protection Program (EPP) with unique enhancements targeted especially to EPSA association members.
Contact: email AIG, find an AIG underwriter in your area or go to the AIG Environmental home page.
AIG ENVIRONMENTAL PROVIDES TAILORED PROGRAM FOR MIDDLE-MARKET ENVIRONMENTAL CONSULTANTS AND CONTRACTORS
NEW YORK, September 12, 2000 - American International Group, Inc. (AIG) has announced that AIG Environmental, a division of the American International Companies, has introduced a new environmental liability program designed to address the needs of environmental consultants and contractors with annual revenue of less than $2 million.*
AIG Environmental has named Birmingham, Alabama-based Environmental Insurance Services, Inc. (EIS) as Managing General Agent for the program to help further penetrate and develop the middle-market segment of environmental consultants and contractors. EIS markets a wide range of environmental liability coverages on a nationwide basis.
AIG Environmental and EIS will market Professional Packaging (PRO-PAC) and Contractors Pollution Liability (CPL) coverages, underwritten by AIG member companies, to environmental consultants and contractors.
PRO-PAC combines professional, general and contractors pollution liability coverage under one form. The general liability and contractors pollution liability coverages are available on an occurrence or claims-made basis, while the professional liability coverage is available on a claims-made basis. PRO-PAC enables the insured to reduce potential coverage gaps that could occur when purchasing policies from different insurers, while eliminating the need for three premiums for three policies. PRO-PAC is available with limits of liability up to $5 million in-house; however, limits are available as low as $500,000 per occurrence or aggregate. In combination with PRO-PAC, umbrella coverage is available with limits up to $5 million.
CPL coverage enables the insured to report claims at any time during or after the term policy, provided the covered damage occurred during the policy term. The occurrence trigger for CPL provides coverage for third-party bodily injury, property damage or environmental damage resulting from pollution conditions. Coverage can be purchased on a blanket or project specific basis and is available with limits of up to $35 million.
"A significant claim against a mid-sized consulting or contracting program can jeopardize a firm's profitability and, in some cases, its existence. This program offers these companies a comprehensive package of coverages that address general commercial, environmental and professional liability," said Joseph L. Boren, President of AIG Environmental, Inc. "We look forward to working with EIS to further penetrate the middle-market segments of these industries."
For more information about the new program for environmental consultants and contractors, contact Bill Twitty or Jill Barron of EIS by telephone at (800) 239-1347, or by e-mail at btwitty@env-ins.com or jbarron@env-ins.com.
AMERICAN SAFETY PROMOTES PROSTAR
(Posted 8/2/2000; Crittenden Environmental Liability News, Vol. 10, No. 6, June 5, 2000)ProStar becomes American Safety's flagship environmental liability product. The product is designed specifically for environmental contractors, consultants and service firms. The comprehensive policy includes general liability, professional liability, contractors occurrence pollution liability, asbestos and lead abatement general liability, automobile pollution liability, umbrella liability and work comp coverages.
American Safety offers limits up to $20 million on a blanket basis or individual project. Additional limits are available. The multi-year program includes ISO occurrence GL coverage forms, occurrence or claims-made contractors' pollution liability coverage, and a claims-made professional liability policy. American Safety offers pollution liability for professional and contracting activities. The insurer provides contractual liability for both professional and contracting activities. There is no extra charge assessed for additional insured's and waivers of subrogation. Products liability and prior acts coverages are available. The carrier offers an optional extended discovery period for the professional liability cover.
American Safety sets a minimum premium of $2,500. Deductibles start at $1,000. Coverage is offered to environmental consultants, including but not limited to activities of Phase I, II and III audits; storage tank testing; soil testing; remediation project design; construction management and remediation training facilities; environmental and general contractors; hazardous waste contractors; soil remediation contractors; groundwater remediation contractors; emergency response contractors; aboveground and underground storage tank removal contractors; Superfund cleanup contractors; PCB remediation contractors; brownfield remediation contractors; industrial hygiene firms; design professionals; and regulatory consulting and permitting. American Safety requires professional liability, contractors pollution liability and commercial supplement all applications. Three-year loss runs must also be submitted. See the American Safety Group Prostar page for more details.
Contact: Lloyd Fox, president, 1845 The Exchange, Suite 200, Atlanta, GA 30339, (770) 916-1908, (800)-388-3647, fax (770)916-0618, info@americansafetygroup.com www.americansafetygroup.com.
Hazardous Materials and Hazardous Waste Hauling Program
Freberg Environmental, Inc. offers innovative policies to meet the insurance needs of individuals involved with hauling hazardous waste and materials. Coverage includes:
- Bodily Injury/Property Damage combined single limit to $5 million
- Physical damage on a cost new basis
- Broad form pollution coverage
- Trucker's-NOC general liability
- Local, intermediate, long haul
- Low minimum premium
Coverage may be rated to meet each customer's specific needs based on gross revenue, mileage rating or scheduled vehicles. Freberg is able to accommodate all customer filing and needs (MCS-90, BMC91x and state required hazardous waste/materials filings.)
Gulf Insurance is the carrier for the program and is rated A+IX (Superior) by A.M. Best.
The Hazardous Waste/Materials Hauling Program is available in all states except Alabama, Alaska, Florida, Hawaii, Louisiana, Massachusetts, Mississippi, New York.
Contact: Gayle Watson, Freberg Environmental, Inc., 1675 Broadway, Ste 2210, Denver, CO 80202 (P) 800-377-4152 ext 116, (f) 303-623-8101, gwatson@feiinsurance.com.
CalSurance Companies has launched a HealthCare and Social Services Facilities Pollution Liability Program.
The program targets a broad base of health care and social service related businesses including Physician's Offices, Dentist's Offices, Hospitals, Blood Banks, Dialysis Clinics, Emergency Healthcare Clinics, Laboratories, Ambulatory Health Care Clinics, Long Term Care Facilities, Veterinary Offices, and Funeral Homes.
The policy includes On-Site clean up costs, Third Party Environmental Liability and Legal Defense. The basic program offers limits of $1,000,000 on a claims made basis. Minimum premiums start at $2,500 and with deductible options starting at $2,500.
Additional coverage options are available, including Contingent Transportation Pollution Liability, Underground or Aboveground Storage Tank Coverage, Non-Owned Disposal Site Coverage, and Historical Coverage. Multi-year policy terms, limits, and higher deductibles are available.
Available nationwide exclusively through CalSurance Associates, Inc., 333 City Boulevard West, 4th Floor, Orange CA 92868, 800 762-7800.
Back to TopU.S. RISK UNDERWRITERS IMPROVES TEST LAB COVER
(Posted 8/2/2000; Crittenden Environmental Liability News, Vol. 10, No. 6, June 5, 2000)U.S. Risk Underwriters adds an optional punitive damage cover of up to 20 percent of an insured's total limit to its E&O and GL coverages for engineers, test labs, environmental consultants and related accounts. The E&O is underwritten either by CNA Re in most states or Lloyd's in select states. The cover includes pollution and asbestos liability endorsements. Full E&O limits are offered for the endorsements.
Home inspectors are one of the classes of business eligible for the E&O coverage and also represent one of the hottest risks seeking E&O and environmental coverages. Home inspectors encounter environmental exposures such as testing for radon, lead or other types of testing. Environmental consultants quoted for E&O and GL cover a broad range, including those working in Phase I, II and III environmental site assessments. GL is available only with professional liability coverage.
Testing labs quoted for E&O and GL include acoustics and vibration; biological; chemical; construction materials testing; electrical; environmental; geotechnical; mechanical; meteorological measurement; thermal; and labs working with nondestructive testing involving nuclear and sonar equipment. U.S. Risk Underwriters offers professional liability limits to $5 million. Premiums for $1 million/$1 million start at $2,250. The minimum premium is $1,500 for $500,000/$500,000 limits and $1,000 for $250,000/$250,000. The GL deductibles begin at $1,000. The professional liability deductible starts at $2,500. Eligible risks include attorneys working as regulatory specialists or in permitting and compliance; biohazard medical waste; biologists; chemists; ecologists working with wetlands and those working in emergency response; agricultural pest control advisers; air pollution monitors; archaeologists; and asbestos consultants. Engineers eligible for the coverage include chemical, civil, corrosion, environmental, geological, hydrological, mechanical, metallurgical, mining and petroleum.
Contact: JoAnn Taylor, U.S. Risk Underwriters, Environmental Division, 10210 North Central Expressway, Suite 500, Dallas, TX 75321, (800) 232-5830, (214) 265-7090, fax (214) 739-1421, Joann@usrisk.com.
Schinnerer program for land surveyors
Schinnerer worked together with CNA Insurance Companies and the American Congress of Surveying and Mapping (ACSM) to develop an insurance program specifically for land surveyors. The CNA/Schinnerer program protects land surveyors against losses from professional liability claims that arise from negligent errors, omissions or acts. This comprehensive coverage - available in every state - is commended by the ACSM for all of its members. ACSM members also receive a 15 percent premium credit. Answering the specific needs of land surveyors for over 25 years, the CNA/Schinnerer program provides many coverage options and can be tailored to fit individual needs.
The Land Surveyors Program now offers a three-year policy. Firms of all sizes are eligible for the three-year program and must be in good standing no deductible collection problems or bad debts. Firms should have a loss ratio of 80% or less for the past 5 years. The program is available in most states.
Minimum Premium: $500 @ $100,000 limit
Maximum Limits: $15 Million
Minimum Deductible: $2,000
Special Features
- Broad coverage for professional land surveying services, including pollution coverage
- Program commended by the American Congress of Surveying and Mapping (ACSM)
- First dollar defense coverage available
- Retroactive coverage available for eligible firms
- Incident reporting at the insured's option
- Free pre-claims assistance to prevent claims
- Mediation credit reimburses 50 percent of the deductible up to $15,000 when mediation successfully used to resolve disputes
- Premium credits up to 25 percent in most states for good claims experience
- ACSM members receive an additional 15 percent premium credit
- 3 year policy for eligible firms in approved states
- Local claims service provided by dedicated CNA claims specialists
Contact: Kevin Collins kevin.j.collins@schinnerer.com 301-951-5412.
POLLUTION OPTIONS FOR LANDSCAPE, PESTICIDE RISKS
(Posted 8/2/2000; Crittenden Environmental Liability News, Vol. 10, No. 6, June 5, 2000)Smith, Bell and Thompson serves as program manager for a number of new programs. The program is open to all agents.
The programs cover landscape gardening; tree pruning, dusting, spraying, repairing, trimming or fumigating; security and patrol agencies; detective or investigative agencies; alarm installation, servicing or repair/alarm monitoring; fire suppression systems installation, servicing or repair; and fire extinguisher servicing, refilling or testing. The coverage adds protection for BI and PD for pesticide/herbicide operations. All programs offer the E&O.
All programs use ISO coverage in addition to an exclusive company form to cover property, inland marine, GL and errors and omissions. GL limits for all programs range from $100,000/$100,000 to $2 million/$3 million. Cover is on an occurrence basis. E&O cover goes to policy limits. Property and inland marine limits can handle anything. The program is available on an admitted basis in Alabama, Arizona, Arkansas, Colorado, Connecticut, California, Delaware, District of Columbia, Florida,. Georgia,. Iowa, Illinois, Indiana, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New York, North Carolina, Pennsylvania, Rhode Island, Tennessee, Utah, Vermont, Washington, Wisconsin and West Virginia.
Contact: Bill Thompson, program manager, Smith Bell & Thompson, 102 South Winooski Ave., Box 730, Burlington VT 05401, (802) 658-4600, (800) 735-1800, fax (802) 862-2180, thompson@sbtinsurance.com.
Schinnerer program for Landscape Architects and Golf Course Designers
The program offers broad coverage designed for Landscape Architects and Golf Course Designers. The policy provides coverage for professional liability claims that arise from negligent acts, errors or omissions as well as claims that arise from pollution incidents. Firms of all sizes are eligible for the three-year program and must be in good standing—no deductible collection problems or bad debts. Firms should have a loss ratio of 80% or less for the past 5 years. The program is available in all states except California, Louisiana, Nebraska, New York, Puerto Rico, South Dakota and the Virgin Islands. For more information see the program details or the Schinnerer website.
Policy Highlights
- Minimum Premium: $1,000 @ $100,000 limit
- Maximum Limits: $15 million
- Minimum Deductible: $2,000
Special Features
- Broad coverage for professional landscape services, including pollution coverage
- First dollar defense coverage available
- Retroactive coverage available for eligible firms
- Incident reporting at the insured's option
- Free pre-claims assistance to prevent claims
- Mediation credit reimburses 50 percent of the deductible up to $15,000 when mediation successfully used to resolve disputes
- Premium credits up to 25 percent in most states for good claims experience
- 3 year policy for eligible firms in approved states
- Risk management and loss prevention services provided by Schinnerer's knowledgeable risk management division
- Local claims service provided by dedicated CNA claims specialists
Contact: Kevin Collins kevin.j.collins@schinnerer.com or 301-951-5412.
State Banking Association Program: Secured Creditor Impaired Property PolicyWhen pollution conditions on properties cause loan defaults and foreclosures, lending organizations involved in commercial real estate take a long hard look at their role in the process. Fortunately, AIG Environmental has addressed the concerns of financial institutions by offering Secured Creditor Impaired Property Policy(Secured Creditor), designed to to fit individual lending practices and strategies. The program has won the endorsement of numerous regional and community banks and been praised by both rating agencies and financial institutions as offering a viable solution to commercial lending for contaminated properties.
The benefits of Secured Creditor include acting as an alternative for a Phase One site assessment, while also facilitating a quicker turnaround time on loan approvals with approval for insurance coverage typically available within 5 business days. It can act as an immediate source of protection to cover pre-existing and future pollution conditions. For a wide range of lending institutions, AIG Environmental's Secured Creditor Impaired Property Policy(Secured Creditor)streamlines the loan approval process and simplifies the sale, and supports the security of loan pools.
The following state banking associations have endorsed the Secured Creditor Impaired Property Policy:
Florida Bankers Association (FBA)
Ohio Bankers Association (OBA)
Illinois Bankers Association (IBA)
Wisconsin Bankers Association (WBA)
New Jersey Bankers Association Service Corporation (NJBASC)
Independent Bankers Association of Texas (IBAT)
Independent Bankers of Colorado (IBC)
Iowa Bankers Association (IBA)
Kentucky Bankers Association
Missouri Bankers Association (MBA)
Louisiana Bankers Association (LBA)
Virginia Bankers Association (VBA)
California Bankers AssociationContact: email AIG, find an AIG underwriter in your area or go to the AIG Environmental home page.
California Paint and Coatings Association (CPCA)
The California Paint & Coatings Association (CPCA) endorses the benefits of AIG Environmental's Environmental and General Liability Exposures ® (EAGLE ® ) program. Under this "broad brush" policy, members can take advantage of combined casualty and environmental insurance program coverage. Association members who have completed a risk management program such as NPCA's Coatings Care ® receive AIG Environmental's enhanced general liability coverage, that includes customized policy endorsements and a 10% premium credit to the general liability premium in addition to a favorable pricing structure. Members appreciate a suite of special underwriting resources, instructional material and specific industry risk management information. Furthermore, CPCA members can access dedicated engineers who are on-call for technical advice to minimize the risk of specific environmental loss faced by the paint and coatings industry.
Contact: email AIG, find an AIG underwriter in your area or go to the AIG Environmental home page.
American Safety Insurance Group has teamed with LIPCA, Inc., a specialty insurance agency exclusively dedicated to the pest control industry to provide a specialty insurance program for Pest Control Operators (PCO). This program is specifically designed to manage Pest Control Operators' insurance needs, including general liability, pollution liability, professional liability, and workers' compensation coverage. With more than 92 years of combined experience, LIPCA understands the unique aspects of insuring the pest control industry.
INSURANCE PROGRAM:
General Liability
Workers' Compensation
Pollution Liability
Professional Liability
Multi-State Availability
Premium Financing Available
ADDITIONAL PROGRAM BENEFITS:
Aggressive Claims Management
Technician Training
Pest & Termite Control File Documentation
Employment Law & Regulatory Compliance
Pest Control Industry Guidelines
Pesticide Safety & Other Loss Control Education
RESOURCES
Educational Resource--Articles, in-house training & recertification
Business Resource--Reference PCO manual with sample waivers, applications, releases & labor-related posters
Association Support--Membership, trade shows, advertising, event sponsorship, committee participation, & revenue generation
FOR MORE INFORMATION Pest Control Program: www.lipca.com
For more information, contact our program administrator:
Mr. Allen Fugler, Assistant Vice President of Marketing, LIPCA, Inc., 3042 Old Forge Drive, Baton Rouge, LA 70808 Toll Free: (800) 893-9887, Telephone: (504) 927-3283, Fax: (504) 927-3287
GULF INTRODUCES PESTICIDE APPLICATORS PROGRAM
(Posted 8/2/2000; Crittenden Environmental Liability News, Vol. 10, No. 6, June 5, 2000)Gulf teams up with Black White Associates to market a competitive pesticide applicators program designed for small businesses. Gulf covers businesses engaged in incidental fumigation. The program provides up to $1 million/$3 million liability limits which apply on a per job location basis. This means the insured does not need to purchase umbrella coverage. The commercial automobile policy includes chemical spill overturn coverage.
The program offers a commercial package policy with property, GL, crime and inland marine. Black White sells the coverage in Alabama, Arkansas, California, Colorado, Florida, Georgia, Indiana, Iowa, Kansas, Kentucky, Michigan, Missouri, Mississippi, Montana, Nebraska, New Mexico, Oklahoma and Texas. Gulf sells the cover on admitted paper. The program eventually will become available in other states. Producers are required to complete an ACORD and supplemental application with each submission. Black White Associates acts as MGA and program administrator.
Contact: Mike Mullens or Tonya Dillard, Black White Associates, 2007 N. Collins Blvd., Suite 303, Richardson,
TX 75080, (800) 257-6720, fax (800) 257-8116, mikem@bwins.com www.bwins.com
American Safety has developed a customized insurance program for schools and municipalities to provide first and third party pollution legal liability to protect from on-site and off-site bodily injury, property damage and cleanup cost claims arising from pollution incidents. This program is available in all 50 states and the District of Columbia.
For more information, please contact American Safety directly:
Mr. Richard Parks, Vice President of Business Development American Safety Insurance Group, 1845 The Exchange, Suite 200, Atlanta, GA 30339, Telephone: (800) 388-3647 Facsimile: (770) 955-8339 Email: info@americansafetygroup.com
AIG Environmental's Pollution Legal Liability Real EstateSM (PLL Real EstateSM) performs as a risk management tool for property owners, managers and developers by protecting against environmental losses that could otherwise impair a company's ability to operate, expand or sell locations. PLL Real EstateSM offers site-specific coverage for first-party clean-up at an Insured property and third-party claims resulting from pollution conditions that cause on- or off-site bodily injury, property damage or clean-up. The policy is specifically designed for commercial real estate and can often replace the need for a Phase One site assessment by meeting the firm's own due diligence requirements as well as those of a lender.
Program Benefits
- PLL Real EstateSM can act as a mechanism for environmental due diligence when approaching a bank for financing of a new or future site/ expansion.
- PLL Real EstateSM can be a less complex and less expensive alternative to Phase One assessments, the traditional due diligence route often required by banks for commercial property loans.
- Helps to improve the efficiency of business transactions by reducing the amount of administrative time needed to process a loan when insurance is completed sooner than an environmental assessment.
Customer Profile
- Property Owners
- Property Developers
- Restaurants
- Commercial Office Building Owners/Managers
- Hospitality Industry
- Shopping Malls
- Product Features
PLL Real EstateSM allows for the addition of a mortgagee as an additional Insured by endorsement.
Coverage is provided for third-party claims resulting from pollution conditions that cause on- or off-site bodily injury, property damage or clean-up.
Provides coverage for unknown pre-existing conditions.
Covers sudden and gradual pollution conditions.
Policy terms available up to 10 years.
Automatic and optional reporting periods are available.Contact: email AIG, find an AIG underwriter in your area or go to the AIG Environmental home page.
Back to TopNational Association of Real Estate Investment Trusts (NAREIT)
At a time when insurer strength and stability are a paramount concern, NAREIT is pleased to endorse for its members two vital insurance programs. Both programs are underwritten by American International Companies.
CleanREIT is an environmental liability insurance program designed to protect NAREIT members against everything from day-to-day environmental risks to the environmental liabilities involved in real estate development and acquisition. It can encompass the environmental risks you face when you buy or sell a property as well as exposures such as loss of rental income or gross revenue due to onsite pollution conditions.
SafeREIT provides enhanced fiduciary liability and fidelity protection exclusively for NAREIT corporate members. It includes broad and flexible coverage for ERISA-related liabilities, vendor fraud and other crime-related losses. It can also build in specialized protection and support for members whose business activities leave them vulnerable to kidnap and ransom threats.
Both programs include special provisions designed specifically for NAREIT members to minimize their vulnerability to losses - and keep operations on a clear path to value.
Contact: email AIG, find an AIG underwriter in your area or go to the AIG Environmental home page.
Schinnerer Targets Middle Market Real Estate Professionals
The Schinnerer Select Program is designed for the middle market segment of the real estate industry. Select provides errors and omissions coverage for agencies transacting a variety of residential and commercial real estate services. Schinnerer's Select Program is widely recognized as a market leader. In fact, Schinnerer introduced the first E&O coverage for fair housing violations and environmental hazards like asbestos, lead-based paint, formaldehyde and radon. Select also offers a wide choice of limits and deductible options, making the program attractive and affordable to real estate firms of all sizes.
Coverage varies by state, contact the individuals listed below or visit the Select Program website.
Target Risks or Classes: Independently owned and operated real estate firms providing third party services, Real Estate Agents, Brokers, Appraisers, Auctioneers, Leasing Agents, Property Managers, Mortgate Brokers.
Minimum Premium: $500
Maximum limit: $5 million
Minimum deductible: $1,000
Special Features
- Broad coverage for professional services associated with the real estate industry, including coverage for firms involved in residential sales, commercial sales/leasing, property management, consulting, appraisal, auctioneering, and mortgage brokering
- First dollar defense
- Coverage for personal injury, lockbox liability, and sale of an agent's personal residence and/or secondary residence
- Automatic Fair Housing defense coverage
- Optional environmental hazards coverage
- Defense costs for real estate licensing board inquiries
- Credits up to 35 percent for good claims experience and participation in loss prevention and risk management programs
- Risk management and loss prevention services available; 50 percent deductible credit for use of mediation (up to $25,000 credit)
- Local claims service provided by CNA Real Estate E&O claims specialists; complimentary pre-claims advice
Contact: Veda Blount veda.blount@schinnerer.com or (301) 961-5453
Schinnerer Targets Large Commercial and Other Real Estate Related Firms
The Real Estate Industry Services program is designed by Schinnerer to be more flexible and to meet the needs of larger, more complex residential and commercial operations. The program provides professional liability insurance tailor-made to large commercial and other real estate related firms. This program offers a vast array of services and tailored coverages.
Target Classes: Real Estate Sales, Leasing and Property Managers, Real Estate Consultants, Real Estate Appraisers, Mortgage Bankers , Mortgage Brokers, Auctioneer, Title/Escrow Agents
Policy Highlights:
- Company: Columbia Casualty, a CNA Company with an AM Best rating of A XV **
- Minimum Premium: $5,000
- Limits Available: Up to $10 million per claim and in the aggregate
- Minimum Deductible: $5,000
- Program Availability: In all states, the District of Columbia, and US territories
Special Features:
- Claims–made and reported
- Duty to defend
- Defense for fraud until final adjudication
- Incident reporting
- Ownership Interest coverage
- Personal Injury coverage
- Mediation Incentive credit
- Subsidiary coverage
- Supplementary payments for loss of earnings and licensing board complaints
- Extended reporting period offered, twelve months at 100% of the total annual premium
- Claims handling by local CNA specialists who only service real estate claims
- Special coverages include renovation services that includes contingent bodily injury and property damage, shared expense deductible, lockbox, Fair Housing, 90 day cancellation and worldwide coverage
- Risk management and loss prevention services available; 50% deductible credit for use of mediation (up to $25,000 credit)
Contact: Linda Realo, linda.c.realo@schinnerer.com, (301) 961-9847
Safeco Offers Two-Part Pollution Cover For Realtors
(Posted 8/2/2000; Crittenden Environmental Liability News, Vol. 10, No. 6, June 5, 2000)SAFECO boosts the National Association of REALTORS (NAR) errors and omissions program with lower rates and improved coverage. NAR represents about 730,000 real estate professionals nationwide. The NAR-endorsed E&O policy can at an extra premium provide pollution liability coverage. This environmental liability protection is packaged in two endorsements. One endorsement provides full limit coverage for residential and nonowned commercial properties. The carrier also offers a difference-in-value endorsement, including $100,000 for commercial properties.
Geo F. Brown & Sons serves as program administrator for the SAFECO/NAR program. The program administrator accepts submissions from all agents. Most producers can expect to pick up a commission of 7.5 percent, whereas established producers generating sizable books of business may see commissions as high as 15 percent.
SAFECO slashes rates 15 percent in at least 13 states. SAFECO eliminates the percentage requirement pertaining to a REALTOR's ownership of residential property that is on the market. Previously, property ownership could not exceed 25 percent. SAFECO offers optional each claim/aggregate limits of $100,000, $250,000, $500,000, $1 million and $2 million with additional options available. The program offers first-dollar defense, full prior acts coverage, and deductible options of zero, $1,000, $1,500, $2,500, $3,500, $5,000 and $10,000.
An employment practices liability endorsement is available. The endorsement comes at full E&O limits. Premiums for this coverage start at $100 if a firm has two employees. See the Geo. F Brown and Sons page for more details.
SAFECO also sells a businessowners policy for NAR members. The BOP is sold through Geo F. Brown & Sons. A workers' compensation coverage is under development and should become available for NAR members sometime this summer.
Contact: Joan Schmalz, 118 S. Clinton St., Suite 760, Chicago, IL 60661, (800) 527-6089, fax (312) 258-3016/17, schmalz@gfbgroup.com, www.gfbgroup.com.
ECS FORMS SCRAP RECYCLERS PROGRAM
(Posted 8/2/2000; Crittenden Environmental Liability News, Vol. 10, No. 6, June 5, 2000)ECS assembles an environmental liability policy for members of the Institute of Scrap Recycling Industries (ISRI). The institute represents about 1,500 businesses engaged in the recycling of scrap. This program marks the first time ISRI has endorsed a national pollution liability carrier to sell a comprehensive program to its members.
ECS designs the program exclusively for ISRI members. ECS will write a similar policy for non-ISRI members. The ISRI program consists of third-party loss, first-party loss, $1 million of products pollution liability, nonowned disposal site liability and contingent transportation liability. Non-ISRI businesses can choose only third-party loss and first-party loss. ECS writes the coverage on XL paper. Limits up to $100 million are available. Premiums begin at $5,000, and retention starts at $10,000. XL offers optional extended reporting periods up to 36 months for the claims-made coverage. Legal defense costs apply inside the limits of liability coverage. ECS develops an application for agents to submit ISRI business. See the ECS ISRI page for more details.
Contact: XL (A+): Joseph Catanese, assistant vice president, Environmental Facilities Business Unit, Box 636, Exton,
PA 19341-0636, (800) 327-1414. catanesj@ecsinc.com, www.ecsinc.com
AIG Environmental To Offer Environmental Insurance Program To United States Chamber Of Commerce Small Business Members
NEW YORK, June 14, 2000 - American International Group, Inc. (AIG) has announced that AIG Environmental®, a Division of the American International Companies, has been named the exclusive endorsed provider of environmental insurance products and services to the United States Chamber of Commerce.
The program, named Chamber EnviroPak, was designed to help Chamber of Commerce members address environmental exposures that can lead to significant financial loss. Chamber EnviroPak also helps small businesses secure capital for expansion by providing coverage for environmental liabilities that can be a barrier to obtaining capital. The program offers a comprehensive environmental insurance program for any type of property owner or operator.
Chamber EnviroPak offers Chamber of Commerce members a number of coverage options. PLL Commercial® (Pollution Legal Liability Commercial) provides coverage for facility, contracting and product exposures in a single policy, allowing for efficient coverage of the environmental risks of most mid-sized facilities. PLL policies can be customized to meet the risk management needs of a variety of businesses, such as drycleaners, manufacturers and commercial and retail operations. The second coverage option, TankGuardSM provides coverage for environmental liability associated with underground or aboveground storage tanks. The policy provides coverage for third-party bodily injury and property damage in addition to on- and off-site cleanup in the event a storage tank pollutes the environment. TankGuard is ideal for gas station owners, convenience stores, and trucking or distribution organizations. Additional benefits exclusive to Chamber EnviroPak include around-the-clock emergency toll-free assistance in the event of an environmental accident.
Chamber EnviroPak features automatic 3-year terms, eliminating the need to negotiate the policy annually, and unlike most environmental insurance programs, there is no minimum premium.
To ease the application process, AIG Environmental has established an enrollment service for Chamber members. By calling 1-888-523-0800 and speaking to a Chamber EnviroPak program administrator, members can fill out an application over the phone. All applications will be processed within 72 hours.
"Small businesses are often not aware that environmental liabilities can impact their profitability and can be an obstacle to obtaining capital for expansion," said Joseph L. Boren, President, AIG Environmental. "The insurance options available through Chamber EnviroPak offer Chamber members coverage for critical environmental risks in an easily accessible form. We are pleased to have the opportunity to work with the U.S. Chamber of Commerce to provide their members a valuable risk management solution."
For more information on Chamber EnviroPak, call 1-888-523-0800 or visit member services at www.uschamber.com.
Laboratory and Analytical Testing Firm Program
Freberg Environmental, Inc.'s analytical laboratory insurance program provides commercial general liability, contractors pollution liability, and professional liability coverage for a wide range of laboratories including:
- Environmental testing
- Agricultural testing
- Geotechnical testing
- Construction materials testing
- Chemcial analysis
- Mechanical testing
- Materials testing
- Food quality analysis
- Forensic testing
Coverage for medical laboratories is not available.
Endorsements are available to cover liability with disposal of lab samples, as well as environmental impairment liability for the laboratory premises. Flexible combinations of critical coveages, competitive formats and multi-year fixed cost options are available.
Features include:
- Sample disposal liability - $100,000 liability limit
- Environmental impairment liability - From or at the laboratory premises endorsement -$100,000 liability limit
- NOSE coverage enables insureds to switch from claims-made to occurrence with no coverage gap
- Medical Expense coverage, $5,000per person
- Hired & Non-Owned Auto liability
- Stop Gap employer's liability for monopolistic states
- Blanket additional insured endorsements
- Blanket waiver of subrogation endorsements
- Minimum earned premium of 10 percent.
- Flexible premium financing
The program is written with United National Insurance Group, rated A+(Superior) by A.M. Best.
Contact: Cindy Worthington, Freberg Environmental, Inc., 1675 Broadway, Suite 2210, Denver, CO 80202, (p) 800-377-4152 ext 122, (f) 303-623-8101, cworthington@feiinsurance.com.
U.S. Risk Underwriters Improves Test Lab Cover
(Posted 8/2/2000; Crittenden Environmental Liability News, Vol. 10, No. 6, June 5, 2000)U.S. Risk Underwriters adds an optional punitive damage cover of up to 20 percent of an insured's total limit to its E&O and GL coverages for engineers, test labs, environmental consultants and related accounts. The E&O is underwritten either by CNA Re in most states or Lloyd's in select states. The cover includes pollution and asbestos liability endorsements. Full E&O limits are offered for the endorsements.
Home inspectors are one of the classes of business eligible for the E&O coverage and also represent one of the hottest risks seeking E&O and environmental coverages. Home inspectors encounter environmental exposures such as testing for radon, lead or other types of testing. Environmental consultants quoted for E&O and GL cover a broad range, including those working in Phase I, II and III environmental site assessments. GL is available only with professional liability coverage.
Testing labs quoted for E&O and GL include acoustics and vibration; biological; chemical; construction materials testing; electrical; environmental; geotechnical; mechanical; meteorological measurement; thermal; and labs working with nondestructive testing involving nuclear and sonar equipment. U.S. Risk Underwriters offers professional liability limits to $5 million. Premiums for $1 million/$1 million start at $2,250. The minimum premium is $1,500 for $500,000/$500,000 limits and $1,000 for $250,000/$250,000. The GL deductibles begin at $1,000. The professional liability deductible starts at $2,500. Eligible risks include attorneys working as regulatory specialists or in permitting and compliance; biohazard medical waste; biologists; chemists; ecologists working with wetlands and those working in emergency response; agricultural pest control advisers; air pollution monitors; archaeologists; and asbestos consultants. Engineers eligible for the coverage include chemical, civil, corrosion, environmental, geological, hydrological, mechanical, metallurgical, mining and petroleum.
Contact: JoAnn Taylor, U.S. Risk Underwriters, Environmental Division,
10210 North Central Expressway, Suite 500, Dallas, TX 75321, (800) 232-5830, (214) 265-7090, fax (214) 739-1421, Joann@usrisk.com.
Florida Petroleum Liability Insurance Program Administrators (FPLIPA)
FPLIPA is designed for storage tank owners in the state of Florida, and provides coverage for third-party bodily injury and property damage and corrective action in excess of the state fund resulting from pollution releases from storage tanks. The program meets Florida State requirements and federal underground storage tank financial responsibility requirements. Coverage for aboveground tanks is also offered on the same policy. Minimum premiums start at $250.
Contact: Jack Barsin, FPLIPA, Regional Manager, 3504 Lake Lynda Drive, Suite 150, Orlando, FL 32817, phone 1-800-475-4055 fax 407-277-9093.
National Environmental Coverage Corp Offers Program to Waste Facilities
POLICY HIGHLIGHTS
Occurrence or Claims Made CGL Form
Nose Coverage and Prior Acts Available
Defense Costs are usually in addition to policy limits for Commercial General Liability.
Pollution Liability also available on a claims made basis - Separate Application is requiredEXAMPLES OF ELIGIBLE CLASSES
SOLID WASTE FACILITIES
COMPOSTING CENTERS
RECYCLING FACILITIES CONSTRUCTION DEBRIS LANDFILLS
LAND FARMS
TRANSFER STATIONS
AND OTHERS!STANDARD LIMITS:
Base limits up to $1,000,000 per occurrence with a $1,000,000 policy aggregate
are available (lower limits also available).
Limits up to $5,000,000 are readily available.
Limits over $5,000,000 are subject to facultative reinsurance availability and normal underwriting considerations.MINIMUM DEDUCTIBLE: Deductibles start at $1,000 - $2,500
MINIMUM PREMIUM: Starting at $2,500
APPLICATION 1 2 3 REQUIREMENTS:
Acord information and CGL sections and landfill and/or recycling facility supplement. Environmental Impairment Liability Application and full copy of any site assessments is required if pollution liability coverage is requested.Contact National Environmental Coverage Corp, 747 Chestnut Ridge Road, Suite 305, Chestnut Ridge, NY 10977, Phone: 845-425-2333 or info@necc.com
About Us | Newsletter | Events | Supporters | Contact Us
Search | Ask an Expert | Underwriters | Publications | Links | Become a Member | Site MapCopyright © 2004 ERRA All rights reserved.
4901 Pine Cone Circle, Middleton, WI 53562
webmaster@erraonline.org