The insured owned a commercial building which was occupied by a beverage retailer. A 17 year old employee of the retailer was disposing of trash when he fell into a partially uncovered cesspool at the back of the building and drowned. The case settled globally for $2M with the insured paying $1.75M. The insurer was able to recover a portion of the settlement because they purchased an Excess of Loss Commercial General Liability reinsurance certificate from Berkley Re Solutions.
Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued.
For additional information concerning W.R. Berkley Corporation’s insurance company subsidiaries, click here.
