The following are examples of recently bound accounts at Devon Park Specialty:
Commercial Lines
Builder’s Risk
- Ground-up construction of a 27,500-square-foot cannabis cultivation facility in Illinois
- Building coverage limit of $4.5 million
- Transit and temporary storage limits of $100,000 each
- Value Plus property enhancement
- Soft costs and equipment breakdown coverage
- Six-month inland marine premium of $6,525
Excess Layering
- Excess over townhome association in Connecticut
- Single location with 36 units
- $2 million excess over $3 million excess general liability policy
- Annual premium of $1,875
Excess Liability
- Excess liability over a 38,000-square-foot office in Texas
- $5 million excess over $1 million/$2 million general liability limits
- Annual premium of $2,020
Mobile Home Park
- 62-pad mobile home park in Massachusetts
- Incidental property coverage for clubhouse with total insured building value of $466,000
- Replacement cost and Special Form coverage
- $1 million/$2 million general liability limits
- Annual package premium of $8,457
Truckers
- 22 power units located in New Jersey
- Delivery of produce
- Blanket additional insured and blanket waiver of rights of recovery coverages
- $1 million/$2 million general liability limits
- Annual liability premium of $3,554
Vacant Building
- 4,754-square-foot dwelling coming off a builder’s risk in North Carolina
- $4.5 million building value
- Replacement cost and Special Form coverage
- $1 million/$2 million general liability limits
- Annual package premium of $15,745
Vacant Renovation Project
- 16,200-square-foot retail building to be remodeled into office space in Ohio
- $2.15 million existing building value, with $1 million in renovations
- Replacement cost and Special Form coverage
- Equipment breakdown coverage included
- $1 million/$2 million general liability limits
- Annual package premium of $7,829
Specialty Lines
Management Liability
- Manufacturer of commercial vehicles and equipment components
- Dedicated limits of $2 million directors and officers liability, $1 million employment practices and $1 million fiduciary liability
- Annual premium of $10,000
- Startup technology company with adequate funding and burn rate to maintain their operations while in the pre-revenue stage
- $1 million limit for directors and officers liability
- Annual premium of $6,000
Errors and Omissions, Media and Privacy
- Printing and advertising company offering services including postal optimization, database management, direct mail production, marketing automotive software, audit controlled data handling, web proofs and approvals, and ecommerce integration
- $24 million revenue
- $5 million limits for errors and omissions, media and cyber liability
- Annual premium of $31,000
- Integrated marketing service firm focused on simplifying the connection and communication between brands and their customers, providing services like idea execution, creative and public relations and digital printing
- $28 million in revenue
- $1 million limits for errors and omissions, media and cyber liability
- Annual premium of $13,200
Excess Professional
- Human resources consultant that manages employer compliance programs; services include employee onboarding activity, I-9 verification, tax and compliance election forms and customs repayment statements
- $34 million in revenue
- $5 million excess of $5 million primary limits for errors and omissions, media and cyber liability
- Underlying premium at $156,400
- Annual premium of $140,000
Please send submissions to [email protected] or [email protected].
