Environmental liability insurance (also known as Pollution Liability) generally provides protection from bodily injury, property damage, and remediation expenses arising out of the release of contaminants into the environment. No matter what type of business you are in, you can be subject to environmental risk. This risk can be sudden or gradual happening over time. Some are easily visible like the chemicals used in a process and others are hidden like leakage from tanks that can contaminate a property. Pollution incidents are a significant risk that can result in serious harm not only to your operations, but to public health and safety as well as to the environment.
The most common pollution policies are:
Site Pollution Liability Insurance – provides coverage for bodily injury, property damage and pollution clean-up costs from pollution conditions that occur at or from your business site.
Contractors Pollution Liability Insurance – provides coverage for bodily injury, property damage or pollution clean-up costs as a result of pollution conditions for which you contractor may be held responsible for at a job site. This can include a discharge of pollutants brought to the work site, a release of pre-existing pollutants at the site, or other pollution conditions, due to the performance of your covered operations.
Storage Tank Pollution Liability Insurance – provides coverage for third-party bodily injury and property damage from pollution conditions emanating from scheduled underground and aboveground storage tanks. It also provides coverage for corrective action and cleanup as required by applicable federal and state regulation. The policy can be utilized to meet State and Federal storage tank financial responsibility requirement for underground and aboveground storage tank owners and operators
Transportation Pollution Liability Insurance – applies to losses specifically caused by pollution conditions arising from transported cargo when the vehicle is used in the performance of your business operations.
Your coverages can be customized to cover the costs associated with your risk. We specialize in helping businesses with their insurance protection, including their Pollution Liability risk. Contact us to review your risk for a customized policy protection.