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RT ECP: Success Stories

February 11, 2021

Policy to Support the Sale of Contaminated Property

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 […]

February 11, 2021

Policy to Support the Sale and Redevelopment of Contaminated Property

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 […]

February 11, 2021

Policy to Support a Portfolio of Locations

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 […]

September 12, 2014

New Day Provides Optimal Solution for Two CPPI Programs

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 […]

September 12, 2014

New Day Successfully Competes on Insurance Program With Broker Partner

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 […]

September 12, 2014

CPL Program Designed for Contractor

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 […]

September 12, 2014

New Day Structures Enhanced PL/CPL Program

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 […]

September 12, 2014

New Day Places Coverage With Few Alternatives to Incumbents

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 […]

September 12, 2014

CPrL/CPL Program for Design/Build Firm

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 […]

September 12, 2014

CPrL Placement for Commercial Office Project

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 […]

September 12, 2014

New Day provides CPL/CPrL/CGL insurance program for environmental remediation firm

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 […]

September 12, 2014

New Day Secures Professional and Pollution Coverage for At-Risk Construction Management Firm

New Day successfully secured Professional and Pollution Liability coverage for an At-Risk Construction Management firm that was non-renewed by their professional liability carrier.  The firm had been non-renewed as a result of adverse claims experience, with two large claims reported over the past 5 years that had seen some negative development.  New Day sought out […]

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