Insurance & Bonding Programs

Founded in 1878, Frenkel & Company is a full service international insurance brokerage firm and one of the largest independent insurance brokers in the United States. Frenkel Environmental is a Division of Frenkel & Company and is comprised of brokers with specialized skills including former environmental underwriters, environmental consultants, loss control specialists and environmental attorneys. Our Environmental Division is structured to work individually with each client to analyze each environmental exposure and develop a risk management program tailored to each business.

Construction and Professional Services Group (CPSG)

Through CPSG, we offer a full-line of comprehensive property and casualty insurance and bonding programs designed specifically for the environmental services industry. Our clients include services such as consultants, contractors, engineering companies, laboratories and treatment facilities. Our brokers will create a package for your business to include Contractor’s Pollution Liability coverage, Errors and Omissions, Commercial Auto, Employment Practices and much more. Your Contractor’s Pollution policy can be written for all projects throughout the policy terms or on a project specific basis. To view a full list of our services and products, please click here or contact us to discuss how to help protect your business.

Environmental Impairment Liability Coverage

An environmental loss involving cleanup costs or third-party claims can financially cripple any business. Environmental Impairment Liability policies, also known as Pollution Legal Liability policies, can help to control these costs and liabilities. The policies are tailored to accommodate each client’s needs and concerns. Policies include coverage for new conditions but can also be written to include contamination that existed prior to the policy effective date as long as the condition was not known when the policy was put into effect. These pollution policies can also include coverage for off-site disposal facilities. Because each risk is unique, our brokers have environmental backgrounds to help clients analyze their environmental exposures and work with you to create a program specific to your needs. Some of our clients include manufacturers, industrial or commercial facilities (including service stations or repair shops), parties to a real estate transaction, brownfield developers and financial institutions. Click here to learn more about our services and products or contact us to start building your environmental risk management program.

Transactional-Based Environmental Coverage

Real estate transactions that involve contaminated or previously contaminated land can also involve economic uncertainty. A seller may be willing to cleanup the contamination, but a buyer wants some financial security it will not have to pay for conditions that arise after the property has been transferred. The buyer may also want some protection against third-party liability claims arising from that contamination. Both parties want piece of mind.

Transfer these risks to an insurance company in the form of a pollution policy. Pollution insurance is an extremely flexible product which can be tailored to meet all parties’ interests and can be responsive to the unique set of circumstances that surround the transaction. Buyers, sellers, lenders, tenants, contractors and regulatory agencies each may be involved with the contaminated property and pollution insurance may offer certain benefits and opportunities for just about everyone involved.

Performance & Payment Bonds

Many environmental project owners, most notably Government entities, require contracts to be bonded. Bonding is a method of perfecting the obligation under the construction contract to finish the project and ensure that all Sub-Contractors and suppliers are paid. During the Bidding process a Bid Bond may be required as part of Contractor Selection process. The Bid Bond is usually provided by the Surety providing your Bond Line and is provided for a nominal cost or no cost if you company has an active Line.

Contract Bonding credit is similar to credit provided by a bank. To maintain credit current information is required on a regular basis. The bonding relationship is highly personal one which requires open communication with updates from the contractor on a regular basis from the contractor to the agent and surety.

Why You Should Switch To Frenkel Environmental

1. Volume-based preferred pricing & coverage terms.
2. Service Centers in both Eastern and Western Time zone to account for off hours service needs.
3. Full service broker – all lines of insurance and contract bonds.
4. Personal service from a specialist in your business.
5. 24 hour certificate turn-a-round and online certificate processing.
6. Dedicated claims and loss control departments.