Starr Companies said it is debuting some new wrap-up coverage in Canada targeted to the construction industry. Berkshire Hathaway’s GUARD Insurance Companies is now offering homeowners and personal umbrella coverage in Pennsylvania and eventually hopes to go national with it.


Starr Companies has launched Enviro-Wrap insurance in Canada.

The coverage provides wrap-up liability and contractor’s pollution liability for construction project specific placements, covering either the owner or the contractor. The flexible modular occurrence-based policy is cost-effective and designed to eliminate coverage gaps common in wrap-up programs.

The coverage will be eligible for project contract values of up to CAN$250 million, offered on an Owner’s Controlled Insurance Program (OCIP)/Contractor Controlled Insurance Program (CCIP) basis and for trade contractors for policy periods up to five years. In addition, Starr can add coverage for transportation, above-ground storage tanks and mobile fuel tanks to the policy.


Berkshire Hathaway’s GUARD Insurance Companies is now offering homeowners and personal umbrella coverage in Pennsylvania.

The product is available through the company’s platform with a target market of single- to four-family dwellings, renters and condo units (both owner-occupied and those held for rental).

Berkshire Hathaway GUARD aims to provide a bridge between certain business and personal insurance needs by considering homeowners coverage for residences owned by corporations and LLCs; dwellings held for rent; and residences where incidental business activities occur.

According to GUARD’s Senior Vice President of Sales Dave Simmons, the product offers a variety of discounts, including one for insureds who have commercial policies with GUARD. Pricing information is available via comparative rating services EZLynx and PL Rating from Vertafore. GUARD’s product is generally aimed at dwellings valued at $75,000 to $2 million. A personal umbrella with limits up to $5 million also can be added.

The company hopes to expand in 2018, starting with New Jersey during the first quarter and a few other states as the year progresses. The company eventually hopes to offer the product nationally.

Sources: Starr Companies, Berkshire Hathaway GUARD Insurance Companies

Topics Contractors