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ACGL $92.70 -0.05 (-0.05%)

CPL-WRAP (CONTRACTORS POLLUTION RESIDENTIAL WRAP-UP)

Arch Insurance Group's policy provides a coverage solution for contractors who construct residential projects, including condominiums, town homes, tract homes and single family residences. It protects the construction team against third party pollution claims arising from the performance of covered operations. Mold coverage may also be included.

CUSTOMER PROFILE

  • Design-build contractors
  • General contractors
  • Construction managers
  • Design professionals
  • Project owners and developers

PROJECT PROFILE

  • Residential and habitational construction projects
  • Steel and concrete condominium towers
  • Commercial construction
  • Interior build-outs
  • Conversions
  • Mixed use

KEY FEATURES

  • Multi-year policies available
  • Covers claims for bodily injury and property damage, including clean up costs
  • Policy is written on a claims-made basis and can include up to a 10 year extended reporting period
  • Policy term up to five years of construction
  • Contractual liability coverage when required
  • Option for occurrence form coverage may be available for some types of projects
  • Can cover both on and off-site clean up costs
  • Defense costs are within the limits of liability
  • Covers both sudden and gradual pollution events
  • Worldwide coverage available
  • Coverage for natural resources damage
  • Broad form named insured available

RISK MANAGEMENT SERVICES

We realize that risk management is a critical element to a successful business strategy. Therefore, we help our policyholders manage risk by providing complimentary informed guidance and value-added services, including:
  • Quick turn-around contract reviews
  • Environmental Briefings newsletters and publications
  • Risk management workshops, presentations and guidance
  • Pre-claims assistance

CAPACITY

  • Limits of liability up to $15 million

SELF INSURED RETENTIONS (SIR)

  • Varies depending on size and type of project
  • Minimum $25,000 per claim
  • A per unit deductible may be applied for mold coverage

SUBMISSION GUIDELINES

  • Arch Insurance Group application
  • List of project contractors
  • Details of any existing environmental contamination on the project site

Information

Insurance coverage is underwritten by a member company of Arch Insurance Group Inc. This is only a brief description of the insurance coverage(s) available under the policy. The policy contains reductions, limitations, exclusions and termination provisions. Full details of the coverage are contained in the policy. If there are any conflicts between this document and the policy, the policy shall govern. Not all coverages are available in all jurisdictions.