Financial, Insurance & Bonding

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Family owned and operated, with the vast resources of an industry leader –
Our word is our bond.

Financial

Financial and banking information is available upon request

Insurance

PAL offers the following insurance coverage through insurance carriers with an A.M Best Rating of A+ 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.

  • CGL

    $2 million per occurrence with a $4 million per project aggregate for bodily injury and property damage, with a $250,000.00 per occurrence deductible.

  • Pollution

    $2 million per occ/$4 million aggregate per occurrence deductible.

  • Professional Liability

    $2 million on claims made basis a $ 25,000.00 deductible for each claim.

  • Automobile Liability

    $1 million combined single limits N(CSL) for bodily injury and property damage with a $1,000.00 per occurrence deductible. Includes MCS 90 endorsement.

  • Workers Compensation

    Workers Compensation—Part “A” Statutory and Part “B” Employers Liability of $1 million per occurrence, with a $100,000.00 per occurrence deductible.

  • Excess Umbrella Liability

    $25 million in excess liability coverage, which follows form of the primary policies. (CGL, Pollution, Professional. Automobile and Employers 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.

 

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