FREQUENTLY ASKED QUESTIONS-PLP PROGRAM What is "PLP"? PLP is a isurace prgram that prvides Cmmercial Geeral Liability cverage fr all f Swiert's subctractrs f every tier while wrkig desigated Swiert's prjects. What are the mair beefits ft/lis prgram? Virtually elimiates the admiistrative burde assciated with cllectig subctractr isurace certificates Subctractrs ca start the prject whe Swiert eeds them, lger cstraied by the cllecti f isurace certificates Te-year ta il cverage frm substatial cmpleti Oe isurace prgram fr all cmpleted peratis claims Immediate isurer respse subctractr icidets Reduces cverage disputes, litigati ad subrgati evets betwee subctractrs Uifrmity f cverage terms ad cditis Isurace csts wi ll t icrease fr subctractrs, Swiert r Ower duri g the prject What cverages are prvided? Per Prject Geeral Liability lim its as fllws: $4,000,000 Geeral Aggregate $4,000,000 PrductS/Cmpleted Operatis subject t a Prgram Aggregate $2,000,000 Each Occurrece Lim it $2,000,000 Persal ad Advertisig Ijury Limit Per Prject Excess Liability limit f $50,000,000 durig premise pe ratis (cstructi) Durig the cmpleted peratis perid, the prject specific $4M Primary Aggregate is subject t a $15M Prgram Aggregate limit ad there are Excess plicies subject t Prgram Aggregate limits, applyig t all erlled prjects, f $50 M. Please review ur Prgram Liability Lim it presetati. Ttal Prgram Vlume is estimated at $200,000,000 i cstructi values. If the prgram vlume icreases by mre tha 50%, as lg as it is cmmercially feasible, Swiert will purchase additial limits. If Prgram Aggregate limits ~re impaired by mre tha 50%, as lg as it is cmmercially feasible, Swiert will purchase additial limits. What cverages are t prvided? Al l ther cverages icludig, but t limited t, wrkers' cmpesati, autmbi le, ctractr's equipmet, builder's ri sk, plluti, ad prfessial liability. GlIlIlIgher Cstructi Services
FAQ's (ct'd) D Subctractrs share i the plicy limits r are the limits Der subctractr? The prgram has a mixture f dedicated per prject plicy limits ad aggregate limits shared by all prject erlle,d i the prgram, fr all cvered subctractrs wrkig a cvered prject site. Wh is a Named Isured? Swicrt ad subctractrs f ay tier wh perfrm wrk at the prject site ad arc erued i the prgram are Named Isureds. Each erlled subctractr will receive a Certificate f Isurace shwig the specific jb beig isured. A cpy f the plicies will be prvided up request. Wh is all Additial Isured? Prject Owers will be added as Additial Isureds a Primary basis. Will everye be a participat DUhe Prgram? Nt everye will be a participat. Fr example, the fllwig: Subctractrs f ay tier that are vedrs, suppliers, material dealers, ff~site fabricatrs, ad thers wh merely trasprt, pick up, deliver r carry materials, persel, parts r equipmet r ay ther items r perss t r frm the Prject Site are t icluded. The prgram will t be exteded t evirmetal subctractrs, subctractrs wrkig uder a Prfessial Services Agreemet, Cstructi Stakig ad Surveyig Agreemet, r ther similar "Prfessial Services Oly" agreemet. Ca a SubCOlllractr "t Ollt" ftjris Prgram? This prgram is madatry fr all subctractrs f ay tier eligible fr erllmet i the prgram. Hw are Subctractrs Erlled i PLP? All subctractrs ad lwer tier subctractrs must cmplete a simple erllmet frm. A cpy f this frm is i the PLP Maual, which will be di stributed t every sub. Each subctractr will receive a Certificate f Isurace listig them as a Named Isured ad specifyig the jb ame ad Swiert's prject umber. Swiert hpes t have a autmated erllmet prcess i the ear future. Wh pavs the premium? Will Subctractrs be asked fr bid deducts? Swiert pays the premiums. Subctractr's bids will be reduced by the verified cst f their geeral ad excess liability cverage as determied by the PLP prgram admiistratr. It is up t each idividual subctractr t discuss this prgram with its w isurace brker r isurace cmpay t determie if yu might be eligible fr credits frm yur w isurer Gal1agh<;:r CstlCti Services 2
FAQ's (ct'd) Wh will il' lite PLP prgram admiistratr? The PLP prgram admiistratr will be Gallagher Cstructi Services. Are there ay additial admiistrative csts (r subctractrs? Sice Swiert is t askig fr payrll reps ad there shuld be additial admiistrative csts fr yu. Ay admiistrative csts YOll deem reasable shuld be icluded as a cst f yur wrk. Is t/rere a charge 10 the subctractr(sj wh has a lss? Yes. There is a charge fr lsses yu caused based the size f yur subctract as fllws: $5,000 fr ctracts less tha $100,000 $10,000 fr ctracts betwee $100,000 ad $500,000 $25,000 fr ctracts i excess f $500,000 If the lss evet ccurs durig the cmpleted peratis perid, the the deductible amut dubles. This charge is iteded t mtivate each subctractr t ctiue its rmal safety practices ad perfrm the wrk with the quality, care ad skill yu wuld uder yur al isu race prgram. Wlt determies tile liability t tlte subctractr fr tlte lss charge ted abve? Swiert will make that determiati based the cause(s) f lss ad wh was ivlved. This charge will be hadled as a credit mem deducti applied t the amut eared uder the subctract. Will Swiert 's Subctract be mdified t reflect lite existece ftltis Prgram? Yes. Sample laguage will be distributed as s as pssible. Call tltis prgram be cacelled i tlte middle fa priect? The plicy is iteded t isure each jb thrugh cstructi ad fr 10 years thereafter. It's ulikely the prgram will be cacelled sice Zurich ca cacel the plicy ly fr -paymet f premiums r -cmpliace with its safety ad lss ctrl recmmedatis. Gallagher Cstructi Services 3
FAQ's (ct'd) Hw will claims be hadled? Claims will be reprted t Swiert as required by ctract prvisis ad t Zurich its' 800' Claims reprtig umber. This ifrmati will be cpied i mre detail i the PLP Maual t be distributed t all Isured subctractrs. Zurich has dedicated Claims Uits fr each State ad Adjusters with cstructi experiece wh will hadle the claims Wh will be ur claims advcate? Gallagher Cstructi Services maitais a full service claims departmets experieced i hadlig cstructi related claims. OUf claim prfessials will assist yu with ay claim related questis. Zurich requires yur cperati ad assistace with ay claim ivestigati. What is the Plicv Frm? ISO Frm CG-OO-O 1 12/04 Editi. This will be Zurich America Isurace Cmpay the primary plicy ad Allied Wrld Assurace Cmpay, Ic. (A WAC) ad Geeral Security Idemity Cmpay f Ariza (SCOR) the excess. Plicy frms are available fr yur review. What are table plicv exclusis?please review the plicy for the cmplete terms ad cditis. I. Fugus Exclusi. 2. Asbests Excl usi. 3. EIFS 4. Limited Exclusi - Ctractrs - Prfessial Liability. 5. Emplymet Related Practices Exclusi. 6. Prperty Damage t Ower's Prperty Exclusi. 7. Residetial Prperty Exclusi 8. Prir Claims r Ctiuus r Prgressively Deteriratig Ijury r Damage - Mtrse 9. Prfessial Liability ad Plluti Liability expsures 10. War, N-Owed Watercraft, Lead, Si lica, Aircraft Exclusis D Subctractrs eed t evidece ff-site cverages? Yes up direct request frm Swiert. Swiert sti ll requires Wrkers' Cmpesati, Autmbile, ad ff-site Geeral Liability cverages as utlied i the subctract. DISCLAIMER - This is a summary f the PLP Prgram ly. It des t chage, alter r mdify the plicy terms ad cditis i ay way. Actual plicy frms ad Edrsemets are available up request. Gallagher Cslru;:ti Services 4
SWINERTON PLP PROGRAM PROGRAM LIABILITY LIMIT PRESENTATION! <I> ~ s: :::I "tl '" -. -e -C '" 3; r- 3 g Westchester Fire $25 M Prject Specific Limit ** AWAC $25 M Prject Specific Limit ** Zurich $4M Prject Specific Limit* Westchester Fire $25 M Prgram Aggregate Limit **** AWAC $25 M Prgram Aggregate Limit **** Zurich $15 M Prgram Aggregate Limit *** <I> '" s:.. "tl 0 OIC 3 iil -c 3 CD»!tIC c.ic ~ -CIC '"., til r 5"0' :::I.. I/I-C C. c:: iii 11<> year Cstructi Pst Cstructi 10+ years Primary Cverage: $2M per ccurrece per prjectl$4m premises peratis geeral aggregate per prject Aggregate limits are per prject Primary Cverage: $4M per prject Aggregate subject t a $15M Prducts & Cmpleted Operatis Prgram Aggregate. Aggregate Prgram limits