Financial, Insurance & Bonding
Insurance
PAL offers the following insurance coverage through insurance carriers with an A.M Best Rating of A XIII for various services it performs, such as asbestos/lead abatement, mold remediation, hazardous waste management, soil remediation, fireproofing, tank cleaning, demolition, emergency response and drying services.
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CGL
$2 million per occurrence with a $4 million per project aggregate for bodily injury and property damage.
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Pollution
$5 million per occurrence/$10 million per aggregate.
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Professional Liability
$5 million on claims made basis.
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Automobile Liability
$1 million combined single limits N(CSL) for bodily injury and property damage. Includes MCS 90 endorsement.
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Workers Compensation
Workers Compensation—Part “A” Statutory and Part “B” Employers Liability of $1 million per occurrence.
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Excess Umbrella Liability
$25 million in excess liability coverage, which follows form of the primary policies. (CGL, Pollution, Professional. Automobile and Employers Liability). The first layer of $3 million of the excess liability does not follow form on the Pollution Liability policy but the next $22 million of excess liability does follow form of the pollution liability policy (yielding a $27 million limit for general liability and pollution liability.)
Insurance & Bonding
Even with our intense safety program, site work can be fraught with dangers to our workers. PAL Group understands the importance of maintaining proper insurance coverage for all projects, protecting our client’s assets as well as our workers.
Insurance coverage includes:
- Automobile Liability Coverage
- General Liability Coverage
- Professional Liability Coverage
- Pollution Liability Coverage
- Umbrella Liability Coverage
- Workers Compensation and Employers Liability Coverage
AM Best rating of A++
PAL has approved bonding capacity for any size project with an AM Best rating of A++ 15 surety.
