Navigators Expands Online Contractors Pollution Liability Insurance

Navigators Expands Online Contractors Pollution Liability Insurance

Source: http://www.insurancejournal.com, August 8, 2011

The Navigators Group Inc. and its principal underwriting agency subsidiary, Navigators Management Co. Inc., expanded its online system for contractors pollution liability insurance.

New enhancements to the online platform include options for affirmative coverage for fungus/mold caused by negligent contracting operations; increased available limits up to $2 million each occurrence / $4 million all occurrences; and an increased revenue threshold for eligible contractors up to $10 million in annual contracting receipts. The online system targets small- to medium-sized service and trade contractors and can accommodate over 70 different contracting categories.

“While much of the construction sector has slowed, we continue to see more and more contractors of all sizes being contractually required to carry pollution liability insurance at limits higher than the traditional $1 million each occurrence / $2 million all occurrences,” says Greg Heidemann, head of contractors pollution liability insurance at Navigators Environmental. Coverage enhancements such as affirmative Silt & Sedimentation, Defense Outside the Limits, Transportation Pollution Liability and Waste Disposal Site Liability, are helping to meet this demand, he adds.

Policy premiums with fungus coverage can start under $600 (plus applicable fees and taxes). The small business Contractors Pollution Liability program is underwritten for U.S.-based companies on behalf of Navigators Insurance Co. and Navigators Specialty Insurance Co., which are both rated “A” (Excellent) by A.M. Best. The policy should be reviewed to confirm coverage limitations, restrictions, exclusions, terms and conditions.

The Navigators Group Inc. is an international specialty insurance holding company with insurance company operations, underwriting management companies, and operations at Lloyd’s of London. Headquartered in New York City, Navigators has offices in major insurance centers in the United States, the United Kingdom and Continental Europe.

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