Contractors Professional Liability and Job Site Pollution Coverage Now Available from Mutual Benefit!
For many years Mutual Benefit has offered one of the most competitively priced contractors policies in Pennsylvania. We have hundreds of accounts written under this program. The minimum premium of $500 will cover many small contractors risks for property and general liability coverages.
Mutual Benefit has recently begun offering contractors errors and omissions and job site pollution coverages as additional coverage options under the artisan contractors insurance program. These coverages are not for every account, but may be attractive for some risks. The contractors errors and omissions coverage will respond with coverage for potential losses for damage to your work, loss of use due to impaired property, design errors or job site pollution. Following are two examples that illustrate the value of the coverage:
Case: Faulty workmanship
A drywall contractor completes a remodeling job with faulty sealing tape. The tape separates from the wall soon after installation.
MBG’s Contractors Errors and Omissions coverage responds.
The action would be considered faulty workmanship with damage to the insured’s product. The cost to remove and replace the tape and any damaged drywall would be covered.
Case: Design
An HVAC contractor is given specs for air flow in a closed (green building) office building. The contractor’s personnel use CAD design to create plans for their work. Once the building is completed, it is unable to maintain proper temperature due to insufficient air flow.
MBG’s Contractors Errors and Omissions coverage responds.
The contingent design coverage provides for loss arising out of design work performed by the insured’s employees for the work performed by the insured. Impaired property for lost rents and restoration costs would be covered damages.
- The claims examples presented above are for illustrative purposes only. Every claim is fact-specific and will be evaluated and adjusted based on the facts presented and the terms and conditions of the actual insurance policy in force at the time of the claim. No representation, guarantee or warranty (either express or implied) of coverage for any individual or specific claim is intended nor should be inferred.
A specific sub-limit applies for contractors errors and omissions and job site pollution coverage. Limits are available from $100,000 to $1,000,000. A $1,000 standard deductible applies. The cost of this coverage will range from $200 to $575 for most accounts. Premiums may be higher for accounts with larger payroll exposures. A supplemental application is required to quote coverage. Coverage is available for over 50 contracting classes, but coverage is not offered for all classes. Give us a call if you want to discuss these new coverage options or if you want to explore the Mutual Benefit Artisan Contractor program for your operations.*
If you need more information about Contractors Professional Liability Insurance contact us!