The following are examples of recently bound accounts at Devon Park Specialty.
Commercial Lines
Commercial Excess Layering
- Excess liability for 18 apartment buildings with office and retail space
- $5 million excess liability over $15 million underlying excess liability
- Includes umbrella coverage over hired and non-owned auto liability
- Annual excess liability premium of $6,250
Ground-up Construction
- New construction of a four-story apartment building
- Total cost of project including labor and materials is $3 million
- Annual inland marine premium of $16,137
Janitorial Services
- 18 full-time employees cleaning residential locations and providing incidental pressure washing of patios
- Property damage extension, employee theft of customer’s property, and blanket additional insured coverage included
- Janitorial equipment, rental reimbursement, and lost key coverage included
- $1 million/$2 million general liability limits
- Annual package premium of $4,374
Mobile Home Park
- 26-pad mobile home park with all park-owned leased to others
- Pet-friendly
- $1 million/$2 million general liability limits
- Annual liability premium of $5,542
Truckers General Liability
- Auto hauler with 12 power units
- Blanket additional insured, primary and noncontributory, and waiver of rights of recovery included
- $1 million/$2 million general liability limits
- Annual liability premium of $2,359
Vacant Building
- 25,000-square-foot vacant restaurant
- Total insured building value of $2 million
- Special Form coverage
- Equipment breakdown included
- General liability limits of $1 million/$2 million
- Annual package premium of $24,900
Specialty Lines
Management Liability
- Consulting 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
- $18.15 million in revenue and 108 employees
- Premium of $10,222
Errors and Omissions, Media and Privacy (EMP)
- A custom software development servicer
- $4 million limits for errors and omissions, media and cyber liability
- $21 million in revenue
- Premium of $28,166
Excess Management Liability and Excess Professional Liability
- Nonprofit foundation
- $53 million net assets and 7 full-time employees
- Premium of $6,890
- An IT services company
- $5 million excess over $5 million primary for errors a omissions, media and cyber liability
- $39.5 million in revenue
- Premium of $68,500
