ecess & surplus lines quick reference guide · ecess & surplus lines 800.873.4552 |...
TRANSCRIPT
EXC
ESS
& S
URP
LUS
LINES
800.873.4552 | PHLY.com
A.M. Best A++ RatingWard’s Top 50
97.5% Claims Satisfaction100+ Niche Industries
CO
NTR
AC
TORS
EN
VIRO
NM
ENTA
L - Q
UIC
K RE
FERE
NC
E G
UID
E
ABOUT US
Company ProfilePhiladelphia Insurance Companies (PHLY) headquartered in Bala Cynwyd, PA, designs, markets, and underwrites commercial property/casualty and professional liability insurance products, incorporating value-added coverages and services for select industries. By maintaining a disciplined approach to business, we provide greater security for our policyholders and superior value for our shareholder. PHLY has field offices strategically located across the United States to provide superior service. Rated “A++” (Superior) by A.M. Best Company. Rated “A+” by Standard & Poor’s. PHLY is a member of the Tokio Marine Group, Japan’s oldest and leading property/casualty insurer.
PHLY has three underwriting divisions:Commercial LinesManagement & Professional LiabilityPersonal Lines
A.M. Best RatingThe Company’s two insurance subsidiaries are pooled for risk assumption and accumulated surplus. A.M. Best Company has assigned the insurance subsidiaries an “A++” (Superior) rating.
Standard & Poor’sAssigned “A+” for counterpart credit and financial strength.
Ward’s 50®
Nationally recognized as a member of Ward’s 50 Benchmark Group of Property/Casualty insurance companies for outstanding achievement in the areas of financial strength, claims performance, and consistently favorable underwriting results.
MISSION STATEMENT PHLY is a team of motivated, high achievers committed to delivering innovative products and unsurpassed service to niche insurance markets. By maintaining a disciplined approach to business, we provide greater security for our policyholders and superior value for our shareholder. We believe that integrity and mutual respect are the foundation of long-term and fulfilling relationships with our employees, customers, and business partners.
CERTAIN RISKS MAY NOT BE SUITABLE FOR EXCESS AND SURPLUS LINES AND/OR ARE REQUIRED TO BE WRITTEN ON AN ADMITTED BASIS. ADMITTED COVERAGES MAY BE AVAILABLE FROM PHILADELPHIA INDEMNITY INSURANCE COMPANY, AN AFFILIATE OF TOKIO MARINE SPECIALTY INSURANCE COMPANY AND A MEMBER OF TOKIO MARINE GROUP.
Philadelphia Insurance Companies is the marketing name for the insurance company subsidiaries of the Philadelphia Consolidated Holding Corp., a Member of the Tokio Marine Group. Coverage(s) described may not be available in all states and are subject to Underwriting and certain coverage(s) may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. © 2018 Philadelphia Consolidating Holding Corp., All Rights Reserved.
CONTACT US 800.873.4552 | PHLY.comJON PEEPLES Vice President [email protected] | 610.617.7068 | All Regions
WILL HORNSEY Product Line Manager [email protected] | 610.538.2646 | CEC/CEPC
MICHAEL HENK AVP [email protected] | 212.297.6004 | Restoration Contractors Package
JANICE NUNZIATA Underwriting Manager [email protected] | 610.227.1459 | East Region
JAMIE LANGES AVP [email protected] | 630.328.2286 | Midwest Region
KALEN KRAMER AVP [email protected] | 925.446.3532 | West Region
MK-1220 Ed. 072718
CONTRACTOR ENVIRONMENTAL & PROFESSIONAL COVERAGE (CEPC)SM
Target Classes: • General Contractors• Construction Management
“Agency” & “At-risk”• Trade/Artisan Contractors• Design/Build (up to 25% of delivery
method)
Prohibited Classes:• Petroleum Production Drilling &
Hydrofracking• Single Family Home Builders• Sole Practitioners• Architects, Civil and Geotechnical
Engineering• Material Testing Firms
Minimum Premium: • CEPC – $5,000
Limits: • $25M per occurence/multiples available
in the aggregate
Self-Insured Retention (SIR): • Minimum $5,000
Terms:• CEPC – Multi-year policies available on a
practice or project-specific basis
Description of Coverages:• State-of-the-art, flexible policy form that can be
structured to meet the insured’s specific needs• Remediation (discovery and 3rd party triggers)• Third Party Bodily Injury and Property Damage • Transportation • Contracting Operations Environmental Liability
available on a claims-made or occurrence basis• Shop/Yard Location coverage• Non-owned Location coverage (for disposal sites) • Image Restoration • Emergency Expense • Mold coverage available on a claims-made
or occurrence basis• Illicit Abandonment • Protective coverage available• Mitigation/Rectification coverage available
NEW Enhancements:• Broad Named Insured wording • Definition of Construction Management• Limited Asbestos/Lead exclusion• 90 day automatic Extended Reporting Period• Blanket Waiver of Subrogation for Client and
any Entity• 90 Day Cancellation Notice wording included,
10 Days for Non-payment of Premium• Primary and Non-contributory for Professional
and Contractors Pollution coverage• Blanket Additional Insured for Coverage B.
applies to any Entity• Additional Defense Limits available