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Navigators to Offer Pollution Liability Insurance for Small Contractors Online

^{Published on 2010-10-19 08:05:23 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Navigators Group, Inc. (NASDAQ:NAVG) today announced that its principal underwriting agency subsidiary, Navigators Management Company, Inc., introduced an online platform offering pollution liability insurance for small general service and trade contractors. Agents and brokers can register at [ www.navgcpl.com ] and obtain real-time bindable quotes for contractors with up to $5 million in annual revenues at premiums starting at $300 (plus applicable fees and taxes).

"Navigators is known for its expertise in construction insurance, and the efficiency of our online system makes obtaining quotes and binders quick and easy, allowing us to offer lower minimum premiums to our insureds"

Navigators recognizes that todaya™s contractors face many exposures, including USEPA laws mandating lead-safe construction practices, and a growing trend of States that define and regulate silt escaping from a jobsite as a apollutant.a Contractual requirements for pollution insurance are also more prevalent than ever.

aNavigators is known for its expertise in construction insurance, and the efficiency of our online system makes obtaining quotes and binders quick and easy, allowing us to offer lower minimum premiums to our insureds,a explains Adrien Robinson, head of Navigators Environmental. aIn the current climate of economic and regulatory uncertainty, wea™re excited to offer robust protection to small contractors at affordable premiums, thereby continuing Navigatorsa™ longstanding focus on this industry segment.a

The small business Contractors Pollution Liability program is underwritten for U.S.-based companies by Navigators Insurance Company and Navigators Specialty Insurance Company, which are both rated "A" (Excellent) by A.M. Best. The policy should be reviewed to confirm coverage limitations, restrictions, exclusions, terms and conditions.

The Navigators Group, Inc. is an international specialty insurance holding company with insurance company operations, underwriting management companies, and operations at Lloyd's of London. Headquartered in New York City, Navigators has offices in major insurance centers in the United States, the United Kingdom and Continental Europe.

This press release may contain aforward-looking statementsa as defined in the Private Securities Litigation Reform Act of 1995. Whenever used in this release, the words aestimate,a aexpect,a abelieve,a amay,a awill,a aintend,a acontinuea or similar expressions are intended to identify such forward-looking statements. We cannot assure that results that we anticipate will be achieved, since results may differ materially because of known and unknown risks and uncertainties that we face. Please refer to Navigatorsa™ most recent Forms 10-K and 10-Q and its other filings with the Securities and Exchange Commission for a description of Navigatorsa™ business and the important factors that may affect that business. Navigators undertakes no obligation to publicly update or revise any forward-looking statement.