Contractors Program

Nuts & Bolts: Victor O. Schinnerer & Company’s contractors program recently released new 2004 editions of its three policy forms: a stand-alone professional liability policy, a stand-alone pollution incident policy, and a combined professional and pollution liability form. The changes allow for greater coverage consistency within Schinnerer’s program. They also allow the contractors coverage to better complement CGL coverage written on the ISO form. Schinnerer has clarified policy language, in response to feedback from Schinnerer’s brokers. Some of the revisions resulted in broader coverage in certain areas. For example, the Combined Form now offers protection for a pollution incident resulting from the loading or unloading of an owned auto. The Combined Policy also covers asbestos abatement claims made after January 1990.

Dollars: Professional liability limits for general contractors range from $1 million to $25 million. Minimum SIR is $10,000. And the minimum premium is $7,500. Professional liability limits for specialty contractors (mechanical, electrical, etc) range from $1 million to $25 million. Minimum SIR is $5,000. Minimum premium is $4,000. Combined Professional and Pollution Incident Liability limits for general contractors range from $1 million to $25 million. Minimum SIR is $10,000. Minimum premium is $10,000. Combined professional and pollution incident liability limits for specialty contractors range from $1 million to $25 million. Minimum SIR is $5,000. Minimum premium is $6,000.

Carrier: Columbia Casualty Company in all states except for Illinois (in Illinois, CNA Casualty of California). Both are CNA companies and are non-admitted.

States Available: All states, the District of Columbia and U.S. territories, except for Puerto Rico.

Contact: Mary Jefferson, (301) 951-9798 or mary.l.Jefferson@schinnerer.com.

Topics Contractors Pollution Professional Liability