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Insurance Industry News from ProgramBusiness.com

Welcome to Freberg Environmental InsuranceFreberg Environmental Insurance (FEI) http://www.programbusiness.com/tracking/sftracker.asp?SFid=214 is focused on providing coverage to environmental service providers, a very wide variety of facilities and hazardous materials and waste haulers nationwide. Underwriting on behalf of leading insurance carriers, FEI has developed a comprehensive, flexible and responsive market for agents serving mostly environmental oriented niche markets. Since its inception in 1991, FEI has earned a solid reputation with agents, insurance carriers and reinsurance companies for underwriting expertise and its ability to identify and quickly respond to market needs with innovative, financially sound products.

As an insurance program manager, FEI performs all underwriting and pricing, provides quotations and binds coverage. FEI also prepares policies, maintains endorsements and coordinates both in-house and third party provided loss control activities.

Products and Services

FEI's highly specialized insurance products and services have been aimed primarily at environmental markets and the agents who serve that market. FEI's three-year plan includes strengthening those products and agency relationships while developing new or additional program capacity. Currently unknown opportunities will present themselves to FEI in the future. However, at this point our focus for growth is as follows.

Environmental
Site specific pollution coverage for facilities Above ground and underground storage tanks Lender oriented coverage Transaction oriented coverage
Transportation
Hazardous Waste & Hazardous Materials Trucking
Professional
Environmental Engineers and Consultants Engineers, Consultants and Architects Analytical Testing Firms Oil & Gas Consultants
Construction
Environmental Contractors Commercial Contractors
Environmental Engineers, Consultants and Contractors

STATES: All States
MINIMUM PREMIUM: $2,500
MINIMUM DEDUCTIBLE: $2,500
AVAILABLE LIMITS: Up to $25 million

Program Features
Defense outside the limits World wide coverage Coverage for fines & penalties Policies provide coverage for the insured's vicarious liability for the acts of sub-consultants and sub-contractors Automatic coverage (90 days) for newly acquired and newly formed entities Extended reporting periods are competitively priced Gulf offers policy periods of one year, two years and three years, providing considerable savings over many years Aggregate limits are reinstated each year on multi-year policies A first dollar defense option is available. With this option, the SIR does not apply to the defense portion of a claim Annual aggregate SIRs available Gulf reimburses the Response Costs incurred by an insured in mitigating a pollution condition that results from a wrongful act
Acceptable Classes
Greater than 25% environmental exposure Non-environmental contractors for CPL only.

Environmental Impairment Liability Program

STATES: All States
MINIMUM PREMIUM: $2,500
AVAILABLE LIMITS: $25 Million

Program Features
Broad environmental coverage for a wide variety of facilities Onsite Cleanup & 3rd Party liability for environmental contami
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