Message from the CEO

 
2017 Market Update 
Annual Industry Update from the Experts at New Day   
 
The specialty lines insurance landscape is a constantly changing environment and the areas of construction-related professional liability and environmental insurance are no different. Each year it seems as if new carriers enter the market, new coverages are introduced and new risks emerge. Navigating these markets is more difficult than ever, even for the most experienced insurance professional. That's why New Day Underwriting Managers continuously monitors and sifts through the changes so that we can effectively and efficiently find optimal solutions to solve our client's risk management challenges.  Read our 2017 Market Update, which is a product of New Day's collective knowledge and expertise and provides an overview, key trends and a look at the year ahead for each of our products.
New Day Launches Redesigned Website  
Check out the new www.newdayunderwriting.com 
 
New Day's updated website contains updated features for easy navigation and access from mobile devices. 

Check out New Day's newly redesigned website.  The redesigned site allows for easier navigation and download from nearly any mobile device. This includes quick and easy access for our broker partners to locate industry announcements, market trends as well as valuable sales tools such as Product and Environmental Risk Profiles, Premium Estimator, the New Day Blog, educational videos, risk management services and much more.
  
The new site is extremely user friendly with a current look and feel that embodies New Day's dedication to meeting customer needs with products and services that constantly evolve with the changing marketplace. With a "scrolling" feature, all aspects of the website are now easily accessible directly from the home page. 

We invite you to check out the new website for information on all of New Day's products and services.  
New Day's Educational Webinars - Relevant and Informative
Webinars Cover Various Topics on Products and Exposures
 
As broker partners become more informed they are able to recognize opportunities to provide insurance and risk management services to their clients.  New Day shares its expertise with broker partners by utilizing different forums for education.  The education initiative includes conducting periodic webinars on topics of interest and relevance in the industry.  All of the webinars are recorded and can be listened to by those who missed the original webinar date or listened to again to gain more insight.  Some of the recent webinars are listed below with links to their recording.  We invite you sign in and listen at your convenience.  For more information on any of these topics, call your New Day Consultant and look for our next webinar invitation in your email soon.
Has Your Consultant Paid You a Visit?
The New Day Team is Out and About

Texas, California, Alabama, Washington and more.  This quarter, our consultants have been out and about traveling the country paying visits to our valued broker partners.  New Day values our face-to-face visits with our partners and spending time educating, providing market updates, discussing trends and getting to better know your team and how we can strengthen our partnership. If one of our team members hasn't had a recent visit to your office, you can probably expect one soon.  
Environmental Exposures & Claims Impacting the Energy Sector & Their Impact in Uncertain Times
John Heft Presents at IRMI ERIC Conference

Earlier this month, New Day's John Heft gave a very successful presentation at the IRMI Energy Risk and Insurance Conference in Dallas, Texas.  His discussion titled "Environmental Exposures & Claims Impacting the Energy Sector & Their Impact in Uncertain Times," discussed the following major topics: 
  • Environmental Exposures - Oil & Gas Facilities & Contractors
  • Commercial General Liability/Control of Well Coverage
  • Pollution Legal Liability (PLL) and Contractors Pollution Liability (CPL) Coverage Solutions
  • Claims

John's presentation was extremely well received. If you would like to learn more on this topic, contact John at john.heft@newdayunderwriting.com.   
Employee Spotlight
Lauren Hill 

Lauren Hill is an Account Manager in New Day's Construction Group. Meet and get to know Lauren as we sit down for a Q&A session.

Read here for a Q&A with Lauren. 
Risk Tip  
Overlooked Site Exposures 
By: Maydelis Torres

Non-owned locations are often one of the key overlooked exposures on the combined general liability and site pollution policies. When we discuss non-owned locations we typically think of non-owned disposal sites, which is one important offsite waste exposure.  However, non-owned locations outside of waste disposal facilities are also typically addressed in combined forms and are equally important.  For example, chemical manufacturers' non-owned locations may include third-party warehousing or toll manufacturing where the insured is not manufacturing the product but instead having a contract manufacturer produce to their specifications.  Additional exposures include warehousing of the insured's manufactured products as they are transported across the country and left at distribution sites until picked up by the next transporter.
 
When considering this exposure it is important to think about additional coverage parts that could be triggered in the event of a claim involving your product such as transportation, newly acquired locations, and products pollution.
 
Evaluating non-owned exposures includes:
  • Considering contract manufacturing sites that might manufacture, store or treat your product
  • Considering transportation of your product to and from the site
    • What is considered to be in due course of transit and what is not?
    • Is your transportation coverage providing coverage to and from your site or to and from your contract manufacturer?
    • When is your product considered to be at a non-owned location versus in transit?
  • Warehousing locations for products
Many carriers provide coverage but require that you schedule non-owned locations in order for coverage to be provided.
New Day Successes
Recent Placements

Risk Type
Product Type
Premium
Construction
Electrical Contractor
Contractors Professional/Pollution Liability
$16,000
Apartment Complex, Ground-Up Construction
Owner's Professional Protective Indemnity
$170,000
Civil Engineer/Surveyor
Architects & Engineers Professional Liability
$48,000
Construction Manager At Risk
Contractor's Protective, Professional & Pollution
$59,000
General Contractor
Contractor's Professional Liability
$45,000
General Contractor
Contractor's Professional Liability
$206,000
General Contractor
Contractor's Protective, Professional & Pollution
$106,000
General Contractor
Contractor's Protective, Professional & Pollution
$225,000
Mechanical Contractor
Contractor's Protective, Professional & Pollution
$23,000
Excavator
Contractor's Protective, Professional & Pollution
$82,000
 
Real Estate
Bulk Fuel Storage and Delivery
Site Pollution - Pollution Legal Liability
$320,000
Permitted Solid Waste Landfill
General Liability & Site Pollution - Pollution Legal Liability
$110,000
Multi-Hospital Healthcare System
Pollution Legal Liability
$160,000
Student Housing Real Estate Portfolio
Pollution Legal Liability
$86,000
Indoor Firing Range
Pollution Legal Liability
$25,000
Multi-Family Housing
Pollution Legal Liability
$150,000
Fertilizer Blender/Distributor
Pollution Legal Liability
$225,000
Container Ship Port Facility
Pollution Legal Liability
$100,000
New Day Logo
2465 Kuser Road
Give us a call today!
Suite 202
Hamilton, NJ 08690
609.298.3516
info@newdayunderwriting.com