American Safety Updates Contractor Coverage to Meet New Lead Paint Rule

February 26, 2010

American Safety Insurance (ASI) has updated its contractor pollution liability form to satisfy the exposure created by new regulation from the Environmental Protection Agency requiring any contractors to comply with new lead paint-safe regulations.

The new regulation becomes effective April 22, 2010 for contractors performing work on pre-1978 homes or child-occupied facilities. ASI’s enhanced CPL coverage form was created specifically to cover pollution-related exposures for artisan, trade and general contractors. Premiums for CPL coverage begin as low as $2,500.

ASI’s Environmental Unit has been providing coverage for lead paint remediation contractors, as well as trade contractors who may come in contact with lead paint on an incidental basis, since 1986.

“Renovation, repair and painting contractors will be responsible for becoming certified in lead-safe work practices, which include completing training courses and getting the proper permitting from the EPA,” said Preston Starr, vice president of environmental underwriting for ASI. “Accordingly, all contractors, no matter who their carrier may be, need to check with their agents to ensure that they have a pollution liability policy in place.”

Source: American Safety Insurance

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