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Expiring Policy · Hartwell Mutual.pdf2.4 MB
Application · Kestrel Custom Millwork LLC.pdf1.6 MB
Quote A · Alder National.pdf2.1 MB
Quote B · Crestline.pdf1.8 MB
CommercialNew business
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Agency FindingsCommercial · 4 documents
Kestrel Custom Millwork LLC
Commercial new business · Expiring policy, application, and two quotes reviewed
FieldExpiring · Hartwell MutualQuote A · Alder NationalQuote B · Crestline
Annual premium$17,320$18,940$16,210
⚑Products & completed operationsIncludedIncludedExcluded
Blanket additional insuredIncludedIncludedAdded after review
Named insuredKestrel Custom Millwork LLCCorrected after reviewCorrect
Effective dateExpires August 1, 2026August 1, 2026Corrected to August 1, 2026
⚑Storage buildingSpecial Form · Replacement costBasic Form · ACVBasic Form · ACV
Coverage Changes
1. Products and completed operations excluded. The expiring policy includes products and completed operations coverage; Quote B excludes it (Expiring policy · CGL Coverage Form; Quote B · Products and Completed Operations Exclusion). Claims arising from Kestrel's completed installation work may not be covered under Quote B. [ REQUIRES DISCLOSURE ]
2. Storage building moved to Basic Form and actual cash value. The application requests Special Form and replacement cost coverage for all scheduled buildings; both quotes place the storage building on Basic Form and actual cash value (Application · Property Schedule; Quote A · Statement of Values; Quote B · Property Schedule). Basic Form covers a narrower set of causes of loss, and actual cash value may reduce the amount paid after a covered loss because depreciation may be deducted. [ REQUIRES DISCLOSURE ]
Application Mismatch
1. Blanket additional insured coverage requested but not quoted. The signed application requests blanket additional insured coverage for landlords and general contractors; the original Quote B does not include the requested endorsements, leaving Kestrel unable to satisfy insurance requirements in certain leases or construction contracts. Revised Quote B adds blanket additional insured coverage for ongoing and completed operations. [ CORRECTED ]
Name/Date Errors
1. Named insured differs from the signed application. The original Quote A listed the named insured as "Kestrel Custom Woodworks LLC" while the signed application reads "Kestrel Custom Millwork LLC" – the quoted named insured did not match the legal entity requesting coverage. Alder National issued a revised quote using the correct named insured. [ CORRECTED ]
2. Quote begins one day after the requested effective date. The application requests coverage effective August 1, 2026; the original Quote B began August 2, 2026, which would have created a one-day gap in coverage. Crestline issued a revised quote effective August 1, 2026. [ CORRECTED ]
Recommendation
1st · Alder National

Keeps products & completed operations and the requested additional insured coverage. $18,940.

2nd · Crestline

$16,210. Excludes products & completed operations – completed installation work may go uncovered.

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Client DisclosureClient-facing
Coverage Proposal
Prepared July 24, 2026

Dear Kestrel Custom Millwork LLC,

Thank you for the opportunity to serve your business. We are pleased to present the following coverage summary for your review. Should you have any questions or wish to discuss your options, please contact your agent.

Commercial Property and General Liability
CarrierAlder National
Policy term08/01/2026 – 08/01/2027
CoverageLimit
General liability – each occurrence$1,000,000
Products & completed operations – aggregate$2,000,000
Blanket additional insured – ongoing & completed operationsIncluded
Buildings and business personal property$2,150,000
Premium:$18,940.00
Considerations
Storage building covered on Basic Form at actual cash value

Your application requested Special Form and replacement cost coverage for all scheduled buildings. The quotes received place the storage building on Basic Form at actual cash value. Basic Form covers a narrower set of causes of loss, and actual cash value may reduce the amount paid after a covered loss because depreciation may be deducted.

The insured acknowledges the consideration above and authorizes binding.

This review compared the expiring policy, the application, and the quotes obtained; it is not exhaustive. The policy as issued governs.
Authorized Representative
Date

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