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 Insurance 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 from
the insured's property. The program also offers third party
bodily injure and property damage, plus legal defense cost
to the property owner.
Coverage Highlights:
This policy allows for different combinations
of specific coverage's:
Coverage A: provides
on-site clean-up for a pollution incident that originated
from either the insured sites or adjacent sites during the
policy period. A $10,000 sub-limit for cleanup of damage
caused by leaky underground storage tanks, is included, plus
additional tank coverage is available at discounted standard
rates.
Coverage B: is
for off-site cleanup cost caused by a pollution incident
from current site operations that migrates from an insured
location to adjacent sites.
Coverage C: is
for third party bodily injury and property damage (including
Cov. B) and defense cost.
Coverage's D, E and
F: These three coverage's are directly, and respectively,
related to A, B and C above and they cover historical pollution
incidents that was not know at the inception of the policy.
The A, B and C coverage's would naturally be a prerequisite
for these three coverage's and an inspection would normally
be required. Give us a call to talk about inspection cost.
Key Points of Property Owner's Coverage:
• Coverage is flexible and easy to
adapt to a wide variety of possible exposures
• A simplified application
• Quick response on your request for quote
• Very competitive premiums
Contact
Us today to get your quote!
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