Source: SiriusPoint Environmental Team In-Box, April 13, 2021 The insured, a civil contractor, carried pollution liability coverage with another environmental insurance carrier. The contractor won a short term utility project that required the insured to carry $5M in professional liability limits. The contractor’s existing carrier was unwilling to provide the required professional liability limits. The […]

Source: Sirius Group “In-Box”, February 11, 2021 An environmental policy was needed to support the insured’s purchase of a tech venture group with four (4) locations that had a history of research and development (including clean rooms), LED manufacturing and product development, and solid state lighting and laser development. One of the properties was impacted by […]

Source: Sirius Group “In-Box”, February 11, 2021 An environmental policy was needed to insure both the buyer and seller of a contaminated site that had historically been used as an oil-based power plant. The site was slated for redevelopment by the buyer into two (2) logistics warehousing facilities. Redevelopment activities were to include demolition, decommissioning and abatement […]

Source: Sirius Group “In-Box”, February 11, 2021 The insured, a large waste management company, owns and operates a portfolio of disposal facilities and transfer stations. The insured’s expiring environmental carrier offered renewal terms which significantly limited the insured’s expiring coverage. The broker requested a quote from Sirius, seeking both pre-existing and new environmental conditions coverage […]

Working with our broker partner on a heavy highway project, New Day structured two separate project Contractor’s Protective Professional Indemnity (CPPI) programs with one of our carrier partners.  Forced with the possibility of having to purchase project professional liability for the design professionals, the insured sought out alternatives where they could control the program by […]

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 […]

Working with our broker partner, New Day structured a $10 million/$10 million Contractors Pollution Liability program for an $800,000,000 contractor.  The $150,000 premium was minimal compared to their overall revenue.  The program was structured to include transportation, non-owned disposal site coverage and pollution coverage for their owned locations.  In addition, it included occurrence mold liability […]

New Day’s broker partner sought our help to compete on a new opportunity.  The insured was a $40,000,000 commercial contractor performing at-risk construction management and design/build services.  New Day structured a Professional Liability (PL)/Contractor’s Pollution Liability (CPL) program that included coverages that the incumbent broker did not include, such as Mitigation of Damages coverage, Emergency […]

New Day’s broker partner provided New Day authorization to work on this renewal business with incumbent carriers as well as other markets.  The insured has a very complex ownership structure and provides a variety of traditional construction/excavation as well as environmental services.  On this account there were few competitive alternatives to the incumbent carriers for […]

Working with our broker partner on this new business, New Day structured a combined Contractor’s Professional/Contractor’s Pollution Liability (CPrL/CPL) program for this $50,000,000 design/build firm specializing in building envelope cladding systems, including prefabricated EIFS panel systems.  When contractors are involved in manufacturing, fabrication and/or EIFS, many professional liability underwriters will not offer terms because of […]

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 […]

While working with our broker partner, New Day was tasked with placing a practice pollution, professional and general liability (CPL/CPrL/CGL) insurance program for an environmental remediation firm that had previously been placed direct with the carrier. The projected revenues were expected to remain flat and operations were also expected to remain the same as the […]