Pollution Liability Insurance, also commonly referred to as environmental insurance, helps protect businesses from unexpected pollution exposures that may not be covered by standard casualty and property policies. It fills an important insurance coverage gap for contractors, as well as businesses in commercial real estate, financial institutions and many other industries.
Contaminated sites, whether on existing property or future building projects, can create losses and/or damages that might include claims for bodily injury, property damage and cleanup costs. Pollution Liability Insurance, including Contractor’s Pollution Liability, can help businesses mitigate these risks and address problems when they occur.
Pollution Liability Insurance also helps companies at a time when environmental concerns are driving global debate and influencing how business is conducted. The way a business manages environmental issues can affect its profitability and reputation.