Legends Environmental has a great new environmental impairment liability (EIL)
program available for private educational facilities. This program is written
with an AM Best A Rated carrier. This program can be customized to cover
most if not all environmental exposures that educational facilities are
facing.
Environmental Exposure:
Private Schools, Colleges and Universities,
environmental exposures from historical and present day practices
represent serious health hazards and financial risk. Environmental
insurance offer Colleges and Universities a variety of ways
to protect themselves from these diverse environmental risks,
including known or estimated contamination obligations relating
to historical pollution. Insured’s have the flexibility
to choose coverage for multiple sites, operations, and non-owned
disposal and contracting liabilities.
Premium and Limits:
• Minimum start at $5000
• Deductibles start at $5000
• Limits up to $11 million
• Mold Limits up to $11 Million
Liability Coverage's:
• On-site cleanup of new or pre-existing
conditions triggered by first-party discovery or third party
claim
• 3rd party for on-site bodily injury and property damage
• 3rd party claims for off-site cleanup
• 3rd party claims for off-site bodily injury and property damage
• 3rd party claims for on-site bodily injury, property damage or cleanup
costs - non-owned locations
• Third-party claims for off-site bodily injury, property damage or cleanup
costs - non-owned locations
• Pollution conditions resulting from transported cargo
• First-party coverage for business interruption Underground Storage Tank
Mold Coverage
Claim Scenario:
Claims Studies Involving Colleges And Universities.
The following examples demonstrate just some of the many
ways in which colleges and universities can incur environmental
liabilities.
Costly Cleanup
A large midwestern university disposed of
its science lab wastes in a 53-year-old, 20,000-gallon underground
storage tank. The underground tank ruptured and contaminated
the soil, the private wells and the groundwater that flowed
into a nearby reservoir. Several third parties sued the university,
with claims totaling $450,000. In addition, costs to clean
up the reservoir amounted to $1.1 million.
Filter Failure Causes Fumes
In the chemistry lab of a small Southern
college, experiments were being conducted under an old hood.
The hood filters failed and released toxic fumes into the
community-several residents had to be evacuated and others
rushed to the hospital. The college was sued for several
third party claims, along with a $215,000 property damage
claim for contingent business loss.
Lab Wastes Pollute Water
A university in New England was discharging
liquid lab waste to the campus wastewater treatment plant.
When the plant failed, toxic liquids contaminated the publicly
owned treatment works (POTW), forcing its closure. The university
was charged with the $65,000 environmental cleanup and contingent
business loss that resulted from contamination of the POTW.
Underground Tank Ruptures
While constructing a new sports stadium
at a Western university, a contractor ruptured two abandoned
10,000-gallon underground storage tanks full of gasoline
and diesel fuels. Since the land was donated to the university
by a private company and the contractor did not have pollution
insurance, the university was charged $200,000 for the environmental
cleanup.
Spill Spreads Mercury Contamination
A large university in Ohio contracted plumbing
work on one of its science labs. While dismantling laboratory
piping, the contractor discovered an existing mercury spill
that resulted in mercury contamination throughout the building.
Costs to clean up the contamination and restore the building
to its original condition were $350,000.
The examples above are intended to illustrate
the wide variety of environmental exposures faced by institutions,
business and industry and the many ways in which those exposures
can arise. Insurance coverage in any particular case will
depend upon the type of policy in effect, the terms, conditions
and exclusions in any such policy and the facts of each unique
situation. No representation is made that any specific insurance
coverage would apply in the above examples. Please refer
to the individual policy forms for specific coverage details.
Submission Requirements:
• Environmental Impairment Liability
Application
• IAQ/Mold Questionnaire
• Property Schedule
Contact Us today to get your quote!
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