Today, the best prospects for environmental insurance are no longer environmental services firms—they're commercial property owners and managers. ARMR.net, a wholesale brokerage firm available through Big "I" Markets, is here to help you target these accounts.
Did you know commercial general liability and property policies for commercial property owners and managers do not cover them, or severely limit coverage, for environmental losses within their building? You're not alone! ARMR.net created an innovative two-part product that combines environmental insurance and risk management into the best offering in the marketplace for commercial properties.
The insurance part of the Property Environmental Risk Management (PERM) product is an environmental insurance policy designed and priced to fill the environmental coverage gaps in property and liability policies. PERM is necessary for filling the coverage gaps created by the pollution, fungus, mold, bacteria, Category 3 water, asbestos and lead exclusions in CGL and property policies for commercial property owners and managers.
The second part of PERM is the risk management piece, available when your client purchases the environmental insurance policy. It's a water intrusion loss prevention plan conducted by a fire and water restoration professional who visits the property and helps create a risk management plan for the property owner and manager.
Bonus: Presenting PERM in your renewal proposal will help protect you from an errors & omissions claim if your client ends up with an uninsured environmental loss.
Providing the best product for your clients while using the environmental insurance expertise of ARMR.net is a great way to build your book of business with low-risk, high-premium accounts. For an indication, ARMR.net just needs the statement of values and property schedule. How easy is that?
The principals at ARMR.net invented the first contractors pollution liability policy, along with insurance specifications. ARMR.net can help agents with any environmental insurance risks. With experience that includes consulting for the U.S. Army, the Environmental Protection Agency and the Justice Department, ARMR.net can help you create the best pollution risk management strategy for your insureds and their businesses.
To submit a quote request, log in to Big "I" Markets and select "Pollution Contractors-Farms-USTs-Other" from the Commercial Lines menu. You can also call 608-824-3341 and request a PERM option.