The following are examples of recently bound accounts at Devon Park Specialty:
Commercial Lines
Commercial Excess Layering
- Excess liability for a carpentry contractor needing high limits due to a contract with the county
- $5 million excess liability over $5 million underlying excess liability
- Annual excess liability premium of $4,690
Commercial Excess Layering
- Excess liability over a 3-story, 48-unit residential condominium property
- $5 million excess liability over $5 million underlying excess liability
- Annual excess liability premium of $6,250
Ground-up Construction
- New construction of a multi-use commercial building which includes offices, mercantile units and residential apartments
- Total cost of the project including labor and material is $5 million
- Transit, temporary storage, value plus and equipment breakdown included
- Annual inland marine premium of $12,425
Janitorial Services
- 18 full-time employees cleaning residential locations and providing incidental pressure washing of patios
- $50,000 limit for business personal property
- Property damage extension, employee theft of customer’s property and blanket additional insured included
- Janitorial equipment, rental reimbursement and lost key coverage included
- Annual package premium of $4,227
Mobile Home Park
- Two separate family-oriented and pet-friendly mobile home parks
- First park with 22 pads
- Second park with 53 pads and 3 park-owned homes leased to others
- $1 million/$2 million general liability limits
- Annual liability premium of $6,607
Trucker’s General Liability
- Dry freight hauler with 55 power units
- Blanket additional insured, primary non-contributory and waiver of recovery rights included
- $1 million/$2 million general liability limits
- Annual liability premium of $5,248
Vacant Building
- 46,000 square foot vocational school adjacent to a 23,000 square foot retail space
- Total insured building value of $3.5 million
- Equipment breakdown included
- $1 million/$2 million general liability limits
- Six-month package premium of $15,672
Vacant Building Under Renovation
- 15-unit apartment building totaling 25,304 square feet
- $3.1 million existing building value with $200,000 in renovations
- Equipment breakdown included
- Replacement cost and special form coverage
- $1 million/$2 million general liability limits
- Six-month property premium of $10,066
Specialty Lines
Management Liability
Software company:
- $1 million limit for directors and officers liability and $100,000 limit for privacy breach
- $53,588 in revenue
- Premium of $5,320
Engineering firm:
- $1 million limit for directors and officers liability, $1 million limit for employment practices liability, $250,000 limit for anti-trust and $100,000 limit for privacy breach
- $14.4 million in revenue and 53 employees
- Premium of $7,830
Errors and Omissions, Media and Privacy (EMP)
A sales force and marketing consulting company
- $5 million limits for Errors and Omissions, Media and Cyber Liability
- $58 million in revenue
- Premium of $44,804
Managed Service Provider providing full IT and information security services to small and medium-sized organizations
- $5 million limits for Errors and Omissions, Media, and Cyber Liability
- $19 million in revenue
- Premium of $37,377
Excess Management and Excess Professional Liability
A full-service country club
- $5 million excess of $20 million limit tower for directors and officers liability
- $16.8 million in revenue with 106 full-time employees
- Premium of $6,000
Application service provider for pipeline generation
- $5 million excess $5 million for Errors and Omissions, Media and Cyber Liability
- $52 million in revenue
- Premium of $35,000
