Covers bodily injury, property damage, legal expenses and clean-up costs resulting from pollution conditions associated with a covered location on a claims-made basis. It also covers an insured’s pollution liability arising from non-owned disposal sites, transportation of products or wastes, business interruption, contingent business interruption, biological hazards and incidental contracting services.
This policy is suitable for many facilities, including:
- Environmental facilities including landfills, recyclers and treatment plants
- Real estate properties including apartments, condominiums, hotels, offices and shopping centers
- Chemical/petroleum facilities including distribution, manufacturing and storage facilities
- Commercial facilities including food and warehouse facilities, airports and universities
- Healthcare facilities including hospitals, healthcare centers and nursing homes
- Industrial facilities including light and general manufacturing plants
- Municipalities and utilities
Policy Benefits
- Coverage for both new and historical conditions
- Coverage provided for gradual and sudden and accidental events
- Pollution conditions covered both on and off-site. Coverage is triggered by the discovery of pollution condition or a claim made by a third party
- Contracting services performed by the insured can be covered on an occurrence basis and includes a discovery trigger
- Coverage for non-owned disposal sites on an unscheduled basis
- Occurrence in-bound and out-bound transportation coverage to or from a covered location
- On-site clean-up costs for biological hazards
- Coverage for business interruption and contingent business interruption
- Coverage for emergency response costs
- Legal expense is provided within the limit of liability
- The policy broadly defines who is an insured
- The definition of bodily injury includes building related illness and medical and environmental monitoring
- The definition of replacement costs includes green building materials
- Coverage includes compensatory, punitive, multiplied or exemplary damages and civil fines, penalties and assessments, where insurable by law
- The definition of pollutants includes mold, legionella, electromagnetic fields and methamphetamines
- Definition of pollution condition includes illicit abandonment of pollutants at a covered location or by a carrier during transit
- 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
Policy Features
- Limits of Liability up to $50 million each pollution condition/$100 million aggregate
- Policy terms of up to ten (10) years
- $7,500 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
- Most recent environmental reports or a GAIG Supplement Application For Premises Environmental Liability Insurance
- Past three (3) years loss history
- Last two (2) years financial statements and/or 10-K report
Understanding Environmental Premises Policies
