Environmental Insurance usually addresses the three major types of liability
that people in the environmental business are exposed to, but for all practical
purposes these exposures have become "exclusions" in Standard
Insurance policies. Below please find our basic overview of the coverage's
and programs available. If you don't see your exposure listed below fear
not, just give us a call and we'll outline the program that suites your
particular needs. Here at legends we pride ourselves on our service, give
us a call today and give us the opportunity to prove it!
These three types of liability coverage's
are:
• General Liability -
Which protects against claims for bodily injury or property
damages that results from a pollution occurrences on the
insured's property, or from operations that takes place away
from their premises, or perhaps from the insured's product.
• Professional
Liability - When one makes a legal contractual commitment
to provide their professional services they become liable,
not only to provide the service, but for any damages that
might be experienced by a third party as a result of their
action, advice, or failure to provide the service.
• Pollution Liability -
For individuals and organization that face the possibility
of releasing a pollutant as a function of their work operations,
be it from accident, equipment failure, negligence--or for
whatever reason--will need pollution liability insurance.
Each year brings many new and different types of products
that provide "specialty type" coverage but the
original, and sort of the grand daddy of all environmental
liability policies, is generally referred to as EIL, or Environmental
Impairment Liability. These policies are for claims made
on specific designated sites, and will usually provide relief
for bodily injury, property damage and legal expense.
Contractors:
The Contractors programs is very flexible
one and offers contractors, of almost any type of operation,
a policy with combinations of General, Contractors Pollution
and Professional Liability and, at a very competitive price.
The three major policy types are:
1. Remedial Action Contractors Program
The Remedial Action Contractors Program,
(here after shortened to RAC) is the most cost effective
and easy to administer insurance program for the contractor.
It may be combined to include General, Contractor Pollution
and Professional Liability coverage's on one form. The RAC
policy may be configured in many different versions, including
the addition of the Asbestos and Lead Abatement coverage
on an occurrence basis, as well as adding asbestos transportation
coverage. Its a "mix and match" dream, plus it
does change periodically, so it might be advisable to call
and discuss the many options and pricing before you submit
the applications.
2. Asbestos and Lead Abatement Program
If you are a contractor doing only Asbestos
and Lead Abatement, this should be the program for you. There
will be a special application available for you, which is
easier to complete than the RAC application. Again, this
policy is flexible and can be written to respond to meet
the needs of contractors for various bid requirements. For
example, it will allow the contractor to insure on a claims
made basis and have occurrence available when needed, without
paying an additional minimum premium. If desired, the asbestos
policy may be written on a blanket coverage basis, eliminating
reporting of prior asbestos jobs.
3. Monoline Pollution Liability
This coverage can be constructed to satisfy
most all types of contractors. It is provided on a claims
made basis form and will respond to pollution incidents caused
by a contractor doing their job at a specified job location.
Go to the Contractors Page, where the program is more defined
and the applications submission checklist and other documentation
may be printed as required.
Consultants:
For the Environmental Consultant we offer
two basic type policies:
1. Environmental Professional Special Liability
(EPL), and
2. Consultant Professional and Pollution Liability (CPPL).
The consultant will select one of these
based on:
1) Gross Revenue
2) Scope of Operations
3) Pre-existing coverage's
Whether or not they already have a General
Liability policy. The EPL program is a "total exposure" type
policy that includes General and Professional Liability and
can be endorse to provide Contractors Pollution Liability.
The CPPL program provides the Professional and Pollution
Liability coverage and would be chosen by those that already
have their general liability covered.
Property Owners:
Property Owners have become increasingly
aware of the need for protection for their exposure created
by limits, or total exclusions, on their standard Property
Liability policies in regard to the release of environmental
pollutants. To address this need, Legends offers owners the
Site Liability Environmental Exposures Policy (SLEEP).
The SLEEP program basically offers the property
owner coverage for on-site cleanup when a pollutant is released,
plus cleanup of adjacent sites, provided that these adjacent
sites received their pollution as a result of migration form
the insured's property. The program also offers third party
bodily injury and property damage, plus legal defense cost
to the property owner.
Storage Tanks:
The Storage Tank program was developed to
provide Pollution Liability coverage for tanks containing
petroleum and petroleum related products. This policy meets
the requirements for the insured to receive an EPA Certificate
of Insurance, provided they maintain compliance. Coverage
is on a claims made basis. The policy includes legal defense
cost, up to $100,000 per incident.
Some Potential Insured Categories:
• Petroleum Marketers
• Service Stations
• Underground Tank Owner/Operators
• Trucking & Distributing Operations
• Fuel Distribution Fleet Facilities and Garages
Landfills:
Legends offers a multi-faceted program for
Commercial Waste Facilities. It is actually a combination
of several distinct programs that can be tailored to meet
the requirements of about any site/operation. Hazardous Waste
sites are not eligible under our standard program but may
be considered individually. Call us. Coverage is available
with or without Pollution Liability. All coverage's are exclusively
on a claims made basis.
Eligible Classes:
• Municipal Solid Waste Facilities
• Composting Centers
• Construction Debris Landfill.
• Mono-fills (none Haz-Mat type)
• Land Farms (soil treatment)Note: Waste
Water Treatment and Incineration Facilities are also insurable
but require a Special Application. Contact us for a detailed
explanation.
Click here to read a White Paper detailing the Common Endorsements,
or click on the thumbnail below to open the pdf.
Contact Us today to get your quote!
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