The following are examples of recently bound accounts at Devon Park Specialty:
Commercial Lines:
Commercial Excess Layering
- Excess liability over two apartment buildings with fourteen units in each building
- $5 million excess liability over $5 million underlying excess liability
- Terrorism coverage included
- Annual excess liability premium of $6,875
Ground-up Construction
- Ground-up construction of a residential home
- $3.8 million completed building value
- Frame construction
- Transit, temporary storage and equipment breakdown included
- Annual inland marine premium of $14,611
Janitorial
- Cleaning services for residential locations
- 40 part-time employees
- Primary non-contributory, waiver of rights recovery, blanket additional insured and property damage extension included
- $10,000 of office contents, equipment breakdown and inland marine for janitorial equipment, lost key coverage and rental reimbursement included
- Annual package premium of $15,785
Mobile Home Park
- 40-pad mobile home park
- 19 park-owned homes leased to others
- $1 million/$2 million general liability limits
- Annual general liability premium of $5,738
Trucker’s General Liability
- 21 power units hauling general freight
- Blanket additional insured, primary non-contributory and waiver of rights of recovery included
- $1 million/$2 million general liability limits
- Annual general liability premium of $2,403
Vacant Building Under Renovation
- 8,034 square foot conversion of a motel into apartments
- $2.97 million existing building value with $500,000 in renovations
- Replacement cost value and special form coverages
- Equipment breakdown included
- $1 million/$2 million general liability limits
- Annual package premium of $14,023
Specialty Lines:
Private Company D&O
Technology company specializing in food sales
- $1 million limits for directors and officers liability and employment practices liability
- Additional defense costs for employment practices liability
- 5 full-time employees
- Premium of $6,355
Software development company for the electricity industry that works to enable a more reliable, resilient and sustainable power grid through advanced modeling, simulation and optimization tools
- $1 million limit for directors and officers liability
- Premium of $4,083
Errors and Omissions, Media and Privacy
Project and asset management SaaS company
- Full product suite that provides solutions across a broad range of industries
- Revenue of $40 million
- $5 million limits for errors and omissions, media and cyber liability
- Premium of $59,097
Managed service provider of cloud hosting, relocation and disaster recovery
- Clients include companies in government and healthcare industries
- Revenue of $15.2 million
- $2 million limits for errors and omissions, media and cyber liability
- Premium of $21,807
Excess Professional
Managed service provider specializing in application management and hosting services
- Revenue of $27.8 million
- $2 million excess $3 million for errors and omissions, media and cyber liability
- Premium of $24,985
