General Liability
Nuts & Bolts:
AIG Environmental, a division of the property/casualty insurance subsidiaries of American International Group Inc. (AIG), enhanced its environmental and general liability exposures program, "EAGLE." The expanded product portfolio features new coverages to provide commercial insureds with AIG Environmental's broadest environmental risk management program. In addition to general liability, EAGLE now features coverage for bodily injury and property damage arising from sudden and accidental pollution events as standard components of the program. Comprehensive site pollution, product pollution and product recall coverages remain available on an optional basis. AIG member companies can provide related workers' compensation and commercial property coverages for purchasers of the EAGLE program. Target sectors include wholesale distributors, processors and manufacturers of products ranging from adhesives/caulking, asphalt, cement, fertilizer, food additives and plastic/rubber goods to interior building materials, paint, storage tanks, industrial cleaners and cosmetics.
Dollars:
Limits up to $10 million are available. Minimum premium is $20,000 for $1 million limit. No minimum deductible for the general liability portion, for pollution liability the minimum deductible is $25,000.
Carrier:
American International Specialty Lines Ins. Co., rated "AAA" by S&P, non-admitted.
States Available:
All states, using Lexington Ins. Co. paper in New Jersey and Alaska.
Contact:
(800) 348-4314, aigenvironmental@aig.com or www.aigenvironmental.com.
GL/Property - Restaurant and Hospitality
Nuts & Bolts:
Wausau Insurance rolled out the latest in a series of Wausau Express package policies for property and general liability--with the newest versions designed for restaurant and hospitality businesses. The Wausau Express package policy combines many tailored coverages into a single property and general liability policy form. The restaurant and hospitality package policies are the latest in a suite of industry-specific Wausau Express products that will be tailored to additional industries later in 2005. Wausau Insurance is a national property/casualty company, providing commercial auto, general liability, property, umbrella, workers' compensation and other coverages.
Dollars:
Limits vary by policy.
Carrier:
Wausau Insurance rated "A" by A.M. Best, admitted.
States Available:
All.
Contact:
Brad Zweck, (715) 842-6570 or brad.zweck@wausau.com.
GL -- Manufacturers, Distributors, Sub-Contractors
Nuts & Bolts:
Axiom Specialty Insurance Services is now offering primary products and general liability targeting manufacturers, distributors and commercial sub-contractors. Recently bound accounts include sheet metal shops, PVC manufacturers, engine additive manufacturers and sand blasting contractors.
Dollars:
Policy limits are $1 million per occurrence, $2 million general aggregate and $2 million, products completed operations. Deductibles range from $2,500 to $10,000 with financials. Minimum premium is $7,500.
Carrier:
Rated "A" by A.M. Best, nonadmitted.
State Available:
California.
Contact:
Eirik Fulton, (760) 245-6999 or www.axiominsgrp.com.
