Working side by side with our retail broker partner New Day was asked to participate in a competitive situation for insurance services for a large construction firm. While our retail broker partner brought the expertise on all other lines of insurance, New Day brought its expertise in the areas of construction-related professional liability and environmental […]
One of our retail broker partners came to us with $125,000,000 commercial office project. The design-build contract required $10,000,000 in professional liability limits – higher than typical for this size and type of project. While the traditional markets were providing indications of $350,000 to $450,000 premium, New Day was able to secure a program for […]
New Day, working with our retail broker partner, was tasked with placing project professional liability insurance for a design/build contract on a commercial building project. The owner required $10 million in limits but no dedicated limit requirement for the project. The construction firm was purchasing a practice program with a $5 million limit and planned […]
New Day recently established a new broker relationship in which the insured, an International remediation contractor, was new to our partner broker via Broker of Record (BOR). The broker partner came to New Day seeking renewal solutions. The insured had a high loss ratio and thought they had the broadest coverage since the account […]
New Day Underwriting Managers was asked by our retail broker to review the current policy for an insured that acted as an owner’s representative for their clients to ensure that their construction projects were completed on schedule and within budget. The insured worked with many higher profile clients and projects. The current insurance program included […]
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