Real estate transactions can fail or take much longer to close because the property has been impaired by actual or suspected pollution. Commercial real estate owners, operators, developers, property managers face environmental risks from a variety of exposures, including tenant operations, neighboring properties, historical property use, inadequate housekeeping or other building maintenance practices or property events. Carrying Site Pollution insurance can protect the insured in the event of an environmental exposure and should be a part of any responsible business owner’s insurance protections.

This coverage can be tailored to address issues including:

• Historic / legacy issues found in the soil and groundwater.
• Third party mold claims and other indoor air quality issues.
• Legionella and other bacteria claims.
• Loss of rent due to pollution exposure.
• Leaking Heating oil tanks and clean-up.
• Bodily Injury from asbestos tiles and pipes wrapped in asbestos insulation.
• Lead paint ingestion.
• Phantom storage tank coverage.
• Defense protection for the above.

Common classes of business that buy Site Pollution Liability:

• Real Estate Investment Funds
• Banks with schedules of property loans
• Property Managers
• Developers that own / manage:

• Commercial Office buildings / parks
• Vacation home management companies
• Shopping centers / strip malls
• Condos and apartment buildings

Minimum premiums for Site Pollution coverage for real estate portfolio risks start around $10,000 with $1MM limits. The Policies can be secured for a 1-10 year term, depending on the sites future use and contractual obligations.

Click here to get the Architechs and Engineers Application


Click here to get the Environmental Impairment Application

Click here to get the Storage Tank Application

Click here
to review some claims scenarios for Real Estate

Legends Environmental Insurance Services ~ 130 Vantis, Suite 250, Aliso Viejo, CA 92656 ~ Lic # 0c79875 ~ Phone: 800.992.6999
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