Commercial Lines
Builder’s Risk
Ground-up construction of a 48-unit apartment complex in Wisconsin. $4.5 million total insured value. Transit and temporary storage limits of $100,000 each included. Value Plus endorsement included. Annual inland marine premium of $11,880.
Vacant With Renovations — Construction and Premises Protective
A 14,000-square-foot vacant bank being renovated into a restaurant in Maryland. $5 million total insured value, including $1.5 million in construction costs. Special Form, and $1 million/$2 million general liability limits. Nine-month package premium of $7,902.
Owner Acting as a General Contractor
Ground-up construction of a 9,067-square-foot single-family home in Nevada, with a total project cost of $2.5 million. $1 million/$2 million general liability limits. Annual general liability-only premium of $3,627.
Excess/Umbrella
$5 million excess liability policy for a remodeling general contractor in New York. Underlying premium of $11,880. $1 million/$2 million underlying general liability limits. Annual premium of $8,964.
Truckers General Liability
A local, family-owned express delivery service located in New York; 34 units delivering general merchandise within a 15-mile radius. $1 million/$2 million general liability limits. Blanket additional insured and waiver of subrogation coverage. Annual general liability premium of $6,847.
Specialty Lines
Errors and Omissions, Media and Privacy (EMP)
- A marketing consultant with $20 million in revenue. $5 million errors and omissions, media and cyber liability limit. Premium of $19,100.
- A technology company, providing logistics, warehousing, and fulfillment software, with $47.2 million in revenue. $2 million errors and omissions, media, and cyber liability limit. Premium of $21,800.
Excess Professional Liability
A civil engineering construction firm with over $340 million in revenue. We provided $5 million excess limit over a primary $5 million directors and officers liability limit. Premium of $18,000.
Management Liability (Executive ViewPoint)
- Private company: Engineering firm established for over 30 years, with $70 million in revenue and $52 million in plan assets. We provided a separate limit of $3 million for directors and officers and fiduciary liability. Annual premium of $15,700.
- Private company: A construction company with over 34 years in the industry, specializing in sand, gravel hauling and excavations, with $31 million in revenue, 200 employees, and $1.3 million in plan assets. We provided separate $1 million limits for directors and officers, employment practices, and fiduciary liability. Annual premium of $16,000.
- Nonprofit: A social assistance organization servicing the youth and individuals with disabilities through educational and cultural activities, with $30 million in revenue and 400 employees. We provided separate $2 million limits for directors and officers and employment practices liability. Annual premium of $18,900.
Contact your Devon Park Specialty underwriter for more information.
