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Search Results for: Pollution Liability

Contractors Pollution Liability Insurance

Just about all types of contractors have environmental exposure. From a roofing contractor to an electrical contractor and everything in between, there are various degrees of environmental exposures.

Who needs Contractors Pollution Insurance?

Many contractors have a need for Contractors Pollution coverage, including, but not limited to:

  • Utility, street, and road
  • Plumbing/piping
  • Excavation/grading
  • Heavy highway
  • Water/sewer
  • HVAC
  • Roofing
  • Electrical
  • Mechanical
  • Painting
  • Demolition
  • Dredging
  • Industrial cleaning
  • Fire sprinkler
  • Restoration
  • Drywall
  • Carpentry
  • Environmental
  • General contractors

Environmental Insurance Exposures Facing Contractors

Exposures that face contractors may include disturbance of asbestos, exacerbating contaminated soil, striking an underground storage tank or utility, fumes from equipment or materials, water intrusion that leads to mold, and spills from equipment and vapors, to name a few. Claims tend to be more of a severity issue than a frequency issue.

The following is an example of a Contractors Pollution claim:Read More »Contractors Pollution Liability Insurance

Transportation Pollution Liability

Overview

When a cement truck turns over and pollutes a stream, how is that exposure addressed on your insurance policy? If a freight hauler is unloading drums of soap and one of those drums turns over and spills into a storm drain, how are you protected? At Paperless Insurance Services we offer transportation pollution liability (“TPL”) coverage to address these exposures.

Transportation pollution liability provides protection for products or materials transported, shipped, or delivered by the insured or by a carrier on the insured’s behalf. Typically, TPL offered to risks with transportation exposure, but some carriers will also specifically include loading and unloading. While unendorsed contractor’s pollution liability (“CPL”) policies may include coverage for vehicle use at a job site, they usually offer little or no coverage for transportation exposures away from a job site. TPL would be available to address this exposure. Additionally, TPL is available for site-specific risks with transportation exposures including manufacturers, freight forwards, and distribution centers. This enhancement can be endorsed onto site pollution to address their exposure.

While capabilities vary from carrier to carrier, most insurance companies offer coverage on a blanket or scheduled basis with occurrence and claims-made triggers available. Typically, minimum premiums start around $2,500.

Claim examples

Read More »Transportation Pollution Liability

Every Construction Business has Pollution Liability Exposures

Contractors face pollution risks on the job site daily. In an instant, these can damage property, impact lives and mar company reputations earned through years of quality performance.
An inadequately insured contractor can experience severe financial hardship in the event a claim is made or a suit is filed.
Pollution liability exposures can include:

  • Air exposures, e.g., dust and fumes, emissions from mobile equipment, fly ash, fungi or bacteria and more
  • Surface water exposures, e.g., construction site spill and runoff, asphalt sealants, truck/vehicle-washing runoff and more
  • Ground water and soil exposures, e.g., additives/stabilizer to concrete and soil, underground pipe leakage, damage to under- or above-ground storage or oil-containing utilities and moreRead More »Every Construction Business has Pollution Liability Exposures

Enhanced Contractors Pollution Liability Package

One of our insurance markets has upgraded its contractors pollution liability package for artisan, trade and general contractors with new forms. The company designed the new forms to be more clear and concise, in addition to adding enhancements. The package now includes emergency response expense for voluntary payments condition and will also now offer worldwide coverage for short periods limited to suits brought in the United States. The new forms also include some traditionally tricky coverages such as asbestos and lead abatement, as well as mold on an occurrence basis. The company’s definition of cleanup costs will include repair or… Read More »Enhanced Contractors Pollution Liability Package

Pollution Liability Insurance Online by Navigators

The Navigators Group Inc. and its principal underwriting agency subsidiary, Navigators Management Co. Inc., expanded its online system for contractors pollution liability insurance. New enhancements to the online platform include options for affirmative coverage for fungus/mold caused by negligent contracting operations; increased available limits up to $2 million each occurrence / $4 million all occurrences; and an increased revenue threshold for eligible contractors up to $10 million in annual contracting receipts. The online system targets small- to medium-sized service and trade contractors and can accommodate over 70 different contracting categories. Policy premiums with fungus coverage can start under $600 (plus applicable fees… Read More »Pollution Liability Insurance Online by Navigators

Pollution Liability Coverage for Small Contractors

Navigators Management Co., Inc., has introduced an online platform offering pollution liability insurance for small general service and trade contractors. Agents and brokers can 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 recognizes that today’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 “pollutant.” Contractual requirements for pollution insurance are also more prevalent than ever. The small business Contractors Pollution Liability program is… Read More »Pollution Liability Coverage for Small Contractors

AIG insurance company Offers Pollution Liability Insurance for Contractors

AIG Small Business, a unit of AIG Commercial Insurance, announced the availability of contractors pollution liability (CPL) insurance designed specifically for the needs of contractors with revenues under $10 million. Featuring limits as low as $300,000 and a minimum deductible of $2,500, CPL provides legal liability coverage for bodily injury, property damage, and environmental damage resulting from covered operations at a job site, whether performed by the contractor or a subcontractor.“Small residential builders, roofers, and other types of general contractors frequently face exposure to environmental risks associated with their work or the work of subcontractors under their management,” said Brian… Read More »AIG insurance company Offers Pollution Liability Insurance for Contractors

Why General Liability Isn’t Enough: The Importance of Professional Liability Insurance for Contractors

Why General Liability Coverage Alone Isn’t Enough When it comes to construction projects, General Liability insurance is essential but not always sufficient. General Liability typically covers third-party bodily injury and property damage claims resulting from faulty workmanship, but it doesn’t cover the costs to repair or replace the defective work or products. This is where Professional Liability insurance comes into play.  Professional Liability, also known as Errors & Omissions (E&O) insurance, can cover these costs, including situations where faulty workmanship causes only financial losses without any physical damage. For most construction claims, which often involve bodily injury or property damage,… Read More »Why General Liability Isn’t Enough: The Importance of Professional Liability Insurance for Contractors

Professional Liability Coverage for Contractors

Zurich has introduced an enhanced professional liability policy aimed at mid-sized and large construction customers. “The coverage is designed for the professional exposures of a construction manager, whether offered through an at-risk or agency contract, as well as trade subcontractors with or without direct design exposure,” said Scott Rasor, head of Construction for Zurich’s North America Commercial business division. “The policy covers third-party claims against a contractor. If the contractor is providing design-build services and incurs first-party losses due to the designer’s negligence, the contractor can access this policy’s limits when the subcontracted designer’s professional liability limits are not adequate… Read More »Professional Liability Coverage for Contractors

Coronavirus – Does Your Insurance Cover You?

The disruption to business and everyday life caused by the coronavirus (COVID-19) pandemic is resulting in an economic impact for every business. With hourly announcements from health agencies calling for social distancing, school closings, business restrictions, and event cancellations, current news reports indicate the crisis will get worse before it gets better. Much of this disruption is likely not covered by insurance.

The two most asked questions we’ve received over the past two weeks have been:

– Where can I buy coverage for the COVID-19 viral pandemic?
– Does my insurance have coverage under my current policy?

We have consulted with specialists across the Property, Casualty and Professional Lines sectors and offer the following COVID-19 update. Please note this is not an interpretation of any policy language and we recommend that you inquire with counsel for specific interpretation and advice on your particular insurance policy.Read More »Coronavirus – Does Your Insurance Cover You?