Covers bodily injury, property damage, legal expense and building related clean-up costs resulting from pollution conditions on, at, or within a building on a covered location.
Policy Benefits
- Coverage for both new and historical conditions
- Coverage provided for both gradual and sudden and accidental events
- Coverage is triggered by the discovery of pollution condition or a claim made by third party
- Legal Expense is provided within the Limit of Liability
- Clean-up cost coverage for the inadvertent disturbance of asbestos or lead-based paint
- Definition of Bodily Injury includes building related illness and medical and environmental monitoring
- Compensatory, punitive, multiplied or exemplary damages and civil fines, penalties and assessments, where insurable by law
- Definition of Pollutants includes mold, Legionella and EMFs
- Definition of Pollution Condition includes illicit abandonment of Pollutants at a Covered Location
- Definition of Property Damage includes Natural Resource Damages
- Ninety (90) day Automatic and three (3) years Optional Extended Reporting Period for claims-made coverage grants
- Cumis Counsel where entitled by law
Policy Features
- Limits of Liability up to $50 million each pollution condition/$100 million aggregate
- Policy terms of up to three (3) years
- $5,000 minimum premiums
- Covers locations in the U.S. or Canada
- Separate limits can apply to each coverage part
Submission Requirements
- GAIG General Application For Environmental Insurance
- GAIG Supplement Application For Indoor Air Quality and Mold Liability Insurance
- Indoor Air Quality/Mold Management Plan
- Past three (3) years loss history
- Last two (2) years financial statements and/or 10-K report