WaterColor Management Inc. combined with Tokio Marine Specialty Company in 2013 to create a specific insurance program for the Water Treatment and Water Handling Industries. A special liability policy has been tailored to meet the needs of all segments of these businesses. TARGET CUSTOMERS
WATER TREATMENT/HANDLING INDUSTRY:
• Boiler & Cooling System Service Providers
• Industrial and Commercial Water Treatment Companies
• Water System Scale & Corrosion Prevention
• Water Treatment Chemical Suppliers
• Water Treatment Equipment Servicers, Providers, Suppliers and Manufacturers
INSURANCE COVERAGE OPTIONS
BROAD LIABILITY COVERAGE FORM:
• Commercial General Liability
• Completed Operations Liability
• Products Liability
• Professional Liability
• Pollution (On-site & work-site, including HAZMAT)
• Employee Benefits Liability
• Employment Practices Liability
OTHER COVERAGES OFFERED:
(Through either TMSIC or other highly-rated insurers)
• Bonds
• Crime
• Commercial Auto
• Excess Pollution Liability
• Excess Liability
• Equipment Breakdown
• Hired and Non-Owned Auto
• Inland Marine
• Property
• Workers Compensation
COVERAGE / CAPACITY / PREMIUMS
GENERAL & PROFESSIONAL COVERAGES:
• $1,000,000/$3,000,000 General Liability*
• $1,000,000/$3,000,000 Professional Liability*
AUTO COVERAGES:
• $1,000,000 Hired & Non-Owned Auto*
ENVIRONMENTAL COVERAGES:
• $25,000,000 Pollution Coverage excess of Primary $500,000 limit which includes $25,000 offsite cleanup
EMPLOYEE COVERAGES:
• $250,000 Employee Benefits Liability
• $250,000 Employment Related Practices Liability
EXCESS LIABILITY
• $10,000,000
FIRE COVERAGES:
• $100,000 Fire Legal Liability
MEDICAL COVERAGES:
• $10,000 Medical Payments*
*The General Liability Policy is broad and premium credits of up to 25 percent can be earned for loss experience, risk management, years in business and membership in professional organizations and certifications (such as Association of Water Technologies). A Professional Liability Endorsement is automatically included. Defense costs outside of aggregate are unlimited. Medical Payments and Hired & Non-Owned Auto coverage is available upon request. FINANCIAL SECURITY
WaterColor Management has formed an alliance with TMSIC, an A.M. Best “A++” XV- rated company and selected other insurers to provide the critical liability and other insurances required by water businesses. ABOUT US
WaterColor Management (WCM) has been underwriting insurances for Water Treatment and Water Handling Businesses for 28 years, starting in the 1980’s. In the mid-1980s the insurance markets “hardened” severely. Many classes of insureds either could not find coverage or could do so only at drastically-increased premium costs. These conditions hit the Water Treatment and Water Handling Industry especially hard. WaterColor Management founded a long-term program to provide adequate coverage to help control insurance premiums and together with a number of its clients, WCM founded the Association of Water Technologies (AWT). WaterColor’s principals are John Walsh and Don Cleveland. LICENSING and LOCATIONS
WaterColor Management is licensed on a nationwide basis and our specific primary coverage is provided by Tokio Marine Specialty Company (TMSIC), a member of the Philadelphia Insurance Companies. WaterColor Management has offices located in Alabama, Florida and Bermuda with the capacity to place coverages for local and international risks. The range of insureds within our group of companies varies from one-person water businesses to worldwide organizations with thousands of employees.
