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 [email protected] or [email protected].
