Restoration Contractors Program Fills Void in General Liability Coverage
ASI now provides coverage for certain classes of restoration contractors.   The combined general, professional and pollution liability policy, which can include coverage for mold, targets fire, water and disaster restoration contractors who perform operations in accordance with the restoration contracting guidelines published by the Institute of Inspection, Cleaning and Restoration Certification.   

The program is intended to fill the gap in professional liability coverage for services rendered in accordance with the S520 Standard and Reference Guide for Professional Mold Remediation and the S500 Standard Reference Guide for Professional Water Damage Restoration. The ability of ASI to provide a complete package eliminates the need for brokers to piece together an insurance program that meets the specifications of most insurance service providers and provides them with a complete solution.

Coverage is written on non-admitted American Safety Indemnity Co. paper, which carries an “A” (Excellent) rating from A.M. Best.  Limits up to $11 million are available. General and pollution liability coverages are on an occurrence form, with profession liability and optional mold coverage offered on a claims-made basis. Premiums begin at $2,500 with a mold exclusion and $5,000 with mold coverage.  

The program is available through a limited ditribution channel. For more information on the program, please contact your underwriter at 1-800-388-3647.