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The following are examples of recently bound accounts at Devon Park Specialty:

Commercial Lines

Commercial Excess Layering

  • Excess liability over a 13,000 square foot lessor’s risk building
  • $5 million excess liability over $5 million underlying excess liability
  • Annual excess liability premium of $6,250

Ground-up Construction

  • Ground-up construction of six residential housing units
  • $3.313 million total cost of the project including labor and material
  • Transit, temporary storage and equipment breakdown included
  • Value Plus endorsement included
  • Annual inland marine premium of $17,604

Ground-up Construction

  • Owner acting as the general contractor for new construction of a $1.8 million residential home
  • $1 million/$2 million general liability limits
  • Annual liability premium of $5,000

Janitorial Services

  • Eight full-time and six part-time employees cleaning residential locations
  • Property damage extension included
  • Blanket additional insured, primary non-contributory and waiver of recovery rights included
  • Janitorial equipment, rental reimbursement and lost key coverage included
  • Annual package premium of $7,847

Mobile Home Park and Excess Liability

  • Mobile home park with 23 pads
  • All park-owned pads leased to others
  • $1 million/$2 million primary general liability and $1 million excess liability limits
  • Annual liability premium of $1,023 and annual excess liability premium of $500

Trucker’s General Liability

  • Courier under contract with 40 power units
  • $50,000 business personal property coverage for 1,000 square foot office building
  • Equipment breakdown coverage and terrorism coverage included
  • Blanket additional insured, primary non-contributory and waiver of recovery rights included
  • $1 million/$2 million general liability limits
  • Annual package premium of $5,670

Vacant Building

  • 14,001 square foot fitness center
  • Total insured building value of $3.551 million
  • Equipment breakdown included
  • $1 million/$2 million general liability limits
  • Annual package premium of $8,515

Vacant Building Under Renovation

  • Conversion of a 61,140 square foot racket club into a pickleball sports facility
  • $3.25 million existing building value with $1.45 million in structural and nonstructural renovations
  • Actual cash value and basic form coverages
  • Equipment breakdown included
  • $1 million/$2 million general liability limits
  • Six-month package premium of $12,288

Specialty Lines

Private Company D&O

A start-up technology developing software for the petroleum industry:

  • $2 million limit for directors and officers liability
  • $68,000 in revenue
  • Premium of $6,568

A company providing contact center consulting and management services:

  • $1 million limit for directors and officers liability
  • $329,000 in revenue
  • Premium of $4,270

Errors and Omissions, Media and Privacy

A marketing platform software as a service company that focuses on auto dealerships:

  • $5 million limits for errors and omissions, media and cyber liability
  • $27.38 million in revenue
  • Premium of $57,156

A company that develops and sells software for the health care industry:

  • $5 million limits for errors and omissions, media and cyber liability
  • $15 million in revenue
  • Premium of $68,046

Excess Professional

A company providing quality assurance customer support software as a service:

  • $3 million excess $7 million for errors and omissions, media and cyber liability
  • $16 million in revenue
  • Premium of $16,650

Please send submissions to commercial@devonparkspecialty.com or professional@devonparkspecialty.com.