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ASI Introduces Coverage for Fire & Water Restoration Contractor

Copyright: Business Wire
Source: Business Wire
Wordcount: 337

ATLANTA--(BUSINESS WIRE)--Aug. 30, 2007--American Safety Insurance Services,
Inc. announced today that it is now providing coverage for certain classes
of restoration contractors.

The combined general, professional and pollution liability policy, which can
include coverage for mold, targets fire, water and disaster restoration
contractors who perform operations in accordance with the restoration
contracting guidelines published by the Institute of Inspection, Cleaning
and Restoration Certification.

"ASI's restoration contractors program is intended to fill the gap in
professional liability coverage for services rendered in accordance with the
S520 Standard and Reference Guide for Professional Mold Remediation and the
S500 Standard Reference Guide for Professional Water Damage Restoration,"
said Preston Starr, Director of Environmental Underwriting at ASI. "This is
a newly identified gap in coverage where we feel that we can provide a
solution. Furthermore, our ability to provide a complete package eliminates
the need for brokers to piece together an insurance program that meets the
specifications of most insurance service providers."

Coverage is written on non-admitted American Safety Indemnity Co. paper,
which carries an "A" (Excellent) rating from A.M. Best. Limits up to $11
million are available. General and pollution liability coverages are on an
occurrence form, with profession liability and optional mold coverage
offered on a claims-made basis. Premiums begin at $2,500 with a mold
exclusion and $5,000 with mold coverage.

This product is offered through a select group of wholesalers; please visit
our website, www.amsafety.com, to locate the wholesaler nearest you or to
learn more about this product.

ABOUT ASI

American Safety Insurance Services, Inc. (ASI) offers innovative insurance
solutions in the alternative insurance market for environmental remediation,
contracting and other specialty risks underwritten by American Safety
Casualty Insurance Company, American Safety Indemnity Company and American
Safety Risk Retention Group, Inc., which, as a group, are rated "A"
(Excellent) VIII by A.M. Best. ASI is a subsidiary of American Safety
Insurance Holdings, Ltd., (NYSE:ASI), a Bermuda-based holding company.

CONTACT: American Safety Insurance Services, Inc. Julie L. McDonald,
1-800-388-3647 jmcdonald@amsafety.com