Contractors Pollution Occurrence
(CPO) Overview:
Contractors Pollution Occurrence (CPO) protects
contractors against claims for third-party bodily injury,
property damage or environmental damage arising from pollution
conditions caused in the performance of covered operations.
The coverage applies to sudden and gradual pollution events
and responds to cleanup costs, both on and off the work site.
CPO provides coverage for events arising from the performance
of covered operations by the insured or subcontractors, claims
alleging improper supervision of subcontractors against the
insured, and coverage for claims arising out of environmental
work performed by the insured or subcontractor. CPO is available
on a claims-made basis as Contractors Pollution Liability
(CPL).
Customer Profile:
• General Contractors
• Construction Managers
• Street and Road Contractors
• Maintenance Contractors
• Electrical Contractors
• Mechanical Contractors
• Demolition Contractors
• Environmental Contractors
• Aboveground and Underground Storage Tank Contractors
• Site Restoration and Cleanup Contractors
• Response Action/Emergency Spill Response Contractors
• Transformer/PCB Contractors
• Trade Contractors
• HVAC Contractors
• Industrial Contractors
Benefits:
Our markets provide broad environmental
coverage as opposed to the limited give backs or no coverage
afforded by CGL programs. Government agencies have varying
standards concerning contractors' environmental liability
in remediation work. The occurrence coverage will separate
the contractors from their competitors to successfully negotiate
and win contracts with these governmental agencies. The CPO
policy provides protection against third-party action over
claims to include coverage for liability assumed by the named
insured under an insured contract. This enhancement protects
the insured against pollution-related damages arising out
of contractual liabilities excluded under the insured's Commercial
General Liability policy.
Features:
Contractors Pollution Occurrence (CPO) provides
coverage for bodily injury, property damage and environmental
damage arising out of the named insured's covered operations.
The CPO policy is written on an occurrence basis and can
be written on a claims-made basis. Coverage protects all
construction activities of the named insured, a listing of
operations is no longer required. Covers both on and off
site cleanup costs arising from sudden and gradual pollution
conditions. Covers completed operations. Blanket or project-specific
coverage is available.
The definition of bodily injury does
not exclude mental anguish. Project specific, contractor
controlled and wrap-up coverage’s for long-term Superfund
or other remedial/construction projects infrastructure construction
projects single- or multiple-site projects Brownfield projects
land-based or marine projects Increased limits are available
to meet contract requirements for specific projects. Provides
full coverage for work performed on Superfund sites.
Legal
defense costs are included in the limits. Coverage for claims
alleging improper supervision or lack of supervision of qualified
subcontractors. Liability coverage for the named insured
that is assumed by contract with their client for subcontracted
operations. Contractual liability coverage is provided for
contracts insured’s enter into with their clients.
Natural resource damages are defined and covered in the definition
of property damage. Multi-year policies are available.
Companion Products:
• Asbestos/Lead Liability Insurance
Products
• Contractors Abatement Liability Insurance
• Abatement Umbrella
Submission Requirements:
• CPO application
• For projects, please include the following: job specifications, background
engineering and product description.
Premium and Limits:
MINIMUM PREMIUM $3,000
MINIMUM DEDUCTIBLE $2,500 on the GL and $10,000 on the CPL for Mold
LIMIT $1,000,000.00 with more capacity available
Contact Us today to get your quote!
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