The following are examples of recently bound accounts at Devon Park Specialty:
Commercial Lines
Builder’s Risk
- Ground-up construction of a 15,000-square-foot commercial retail building in California
- Building coverage limit of $3,225,000
- Transit and temporary storage limits of $100,000 each included
- Value Plus endorsement included
- Equipment breakdown coverage included
- Annual inland marine premium of $10,400
Commercial Excess Layering
- Mixed occupancy buildings in Massachusetts
- Tenants include a theater, a restaurant and offices
- $5 million liability coverage over a $5 million excess liability policy
- Annual excess premium of $3,938
Janitorial
- Residential and office janitorial services located in Tennessee
- 38 full-time employees
- Blanket additional insured and property damage extension coverages
- $1 million/$2 million general liability limits
- Annual general liability premium of $5,131
Mobile Home Park and Excess Liability
- A 214-pad mobile home park in California
- Two mobile homes owned by park and rented to others
- One swimming pool, one laundry building and one office/recreation hall
- Combined building value of $693,000 and business personal property value of $31,500
- $1 million/$2 million general liability limits with $1 million excess liability limits
- Annual package premium of $11,175
- Annual excess liability premium of $1,705
Truckers General Liability
- A trucking corporation with 45 power units in Texas
- Waiver of rights of recovery and blanket additional insured coverages
- $1 million/$2 million general liability limits
- Annual general liability premium of $9,048
Vacant Building
- A 3,300-square-foot dwelling with a pool in Ohio
- Total insured building value of $970,000
- Special Form coverage
- Equipment breakdown coverage included
- $1 million/$2 million general liability limits
- Annual package premium of $7,086
Vacant Building Under Renovation
- Renovation of a 15,000-square-foot real estate development property in Michigan
- $1 million existing building value with $3.08 million in project costs
- Replacement cost and Special Form coverages
- Applicant is acting as the general contractor for the project
- Premises liability and general liability coverages for the renovation project
- $1 million/$2 million general liability limits
- Six-month package premium of $8,825
Specialty Lines
Errors and Omissions/Tech/Cyber
- A New York company providing technology and internet services
- $21 million in revenue
- Shared $5 million errors and omissions, media and cyber liability limit
- Premium of $29,500
- A marketing consultant with $50 million in revenue
- Shared $5 million errors and omissions, media and cyber liability limit
- Premium of $31,500
Excess Management Liability
- A construction company located in Maryland working on a high-rise residential building
- $850 million in revenue, 413 employees and $132 million in plan assets
- $5 million excess limit over a primary $5 million directors and officers, employment practices and fiduciary liability limit
- Premium of $31,000
Management Liability
- A professional engineering firm located in Illinois servicing the industry for 25 years
- $28 million in revenue, 125 employees and $9 million in plan assets
- Separate $1 million limits for directors and officers, employment practices and fiduciary liability
- Premium of $17,700
- A startup technology company located in Texas working within the nanotechnology industry
- $6 million in revenue and 40 employees
- Separate $2 million limits for directors and officers and employment practices liability
- Premium of $10,200
- A nonprofit foundation located in Oklahoma
- $10 million in revenue, 45 employees and $3 million in plan assets
- Separate $3 million limits for directors and officers and employment practices liability and $1 million fiduciary liability
- Premium of $14,000
Please send submissions to [email protected] or [email protected].
