Menu

Reinsurance News

Ironshore Environmental enhances CELL solution

22nd May 2020 - Author: Luke Gallin

Ironshore, a Liberty Mutual company, has announced that its Ironshore Environmental’s Contractors’ Environmental Legal Liability (CELL) policy can now include Professional Liability for certain contractor classes.

ironshoreThe company’s CELL solution responds to third-party bodily injury, property damage and remediation of environmental damages driven by pollution incidents caused by the contractor’s work at a job site. Ironshore notes that a pollution incident is not required to trigger a professional incident.

Both general and artisan commercial contractors with revenues of under $75 million, and which do not provide or subcontract professional services, can acquire Professional Liability cover that is offered via endorsement, says Ironshore.

Adding that cover is provided on a claims-made basis and can be written on either a practice or project basis. CELL with Professional Liability coverage is available with a minimum premium of $2,000 and with a maximum deductible of $5,000.

President of Ironshore Environmental, Toby Smith, commented: “With the ability to add Professional Liability coverage to Ironshore Environmental’s CELL policy, brokers and insureds can feel comfortable they are getting the broad coverages they need and that contracts are requiring.”

Additionally, CELL includes cover for pollution liability associated with transportation, non-owned sites and time-element pollution incidents at an insured’s own site, and also costs associated with image restoration, disinfection events and pre-claim expenses.

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous article:
Reinsurance rate increases to continue through 2021: KBW

Analysts at KBW believe that reinsurance rate increases will be sustained at least through to January 2021, as reinsurers contend...

Close