New Day was asked to secure a project Contractor’s Pollution Liability (CPL) quotation within an extremely short time frame for a street and road project in California. After review of the project information and discussions with the agent, New Day worked closely with one carrier to quickly implement an appropriate project policy for the contractor so they could begin the project. However, upon further conversation with the agent and additional review of the client’s upcoming bids, a blanket policy for CPL seemed to be a better option for the insured. When the agent mentioned that they had recently been bidding on projects with a professional insurance requirement and also looked to become more involved in design-build work, a combined Pollution and Professional policy emerged as an even more optimal solution.
Working with the agent and carrier, New Day secured a competitive program and pricing for the annual combined form. In the long run, this would save the insured the cost of purchasing separate project policies throughout the year. The combined form will also more thoroughly and appropriately protect the insured against exposures presented during design-build projects, as well as help meet contract requirements. This is just another example of New Day’s unique knowledge of the markets, available coverages and carrier appetites ensuring that our partner brokers obtain the most efficient and effective solutions for their clients.