Pioneer announces CPL coverage expansion for specialty contractors
15 August 2017
Pioneer Special Risk, noted for innovative insurance products, today announces the launch of a new optional coverage expansion election for specialty contractors.
Effective immediately, Pioneer Special Risk offers specialty contractors the option of including Incidental Contractors Pollution Coverage, traditionally required as part of their client’s contractual terms, within the Specialty Contractor’s Primary CGL Policy. This coverage is underwritten by Mary Wiseley, Senior Vice President of Specialty Contractors at Pioneer Special Risk.
This Incidental Contractor Pollution Coverage option demonstrates Pioneer Underwriters/Pioneer Special Risk’s broad coverage for specialty contractors as this is an area currently underserved in the specialty contractors market.
Applicable insurance limits for the incidental CPL are included within the $1,000,000 per occurrence; $2,000,000 general aggregate policy limits for the primary CGL.
Mary Wiseley, Senior Vice President of Specialty Contractors at Pioneer Special Risk said: “Our product has been developed in response to the increasing need our clients face for coverage to protect against incidental pollution. The launch of our Incidental Contractor Pollution Coverage has received positive feedback within both the London and US markets. We are excited to be combining the expertise of our specialty contractors and environmental liability teams to deliver the best possible solutions for our clients.”
Gene Hinman, CEO of Pioneer US said: “There has been growing emphasis placed at state and national levels for businesses to insure against new risks arising from environmental and pollution damage. This new product marks a significant milestone in the development of our specialty contractors product. Pioneer Special Risk’s experienced underwriting team now provides the broadest coverage available for specialty contractors.”
For those risks which have more than incidental CPL coverage needs, Pioneer Special Risk’s environmental liability team with locations in Exton, Pennsylvania & Houston, Texas may be available for your insurance needs. Back