Beacon Hill's Environmental Insurance Blog
Site Pollution, Environmental Impairment Liability, Premises Pollution, Pollution Legal Liability...whichever term you’ve heard or are familiar with, they are all Claims Made policies which provide an insured with the same basic coverage for pollution conditions arising at, on, upon, or migrating from their owned/leased location.
By Becca Cole, Associate Account Executive
Occasionally insureds have a contract requiring higher limits than they currently carry. Sometimes, they are interested in raising their full policy limit to meet the requirement and provide higher limits for future jobs, but often it may be more practical to provide the higher limits required on a project specific basis. For example, if one particular job is requiring an $8M aggregate, an insured who feels comfortable carrying a $2M policy aggregate generally may not see the need to increase their full policy limit so much for an out-of-the-ordinary requirement.
By Ivy Riggs, PartnerOne Environmental
When speaking with your clients or carriers, you may have often been reminded that all
applicants have an environmental exposure. These range widely from premises hazards such as indoor air quality and legacy contamination to operational and products pollution exposures. Because many of these risks tend to go unacknowledged and unaddressed until after a loss has occurred, a surprising number of policyholders are self-insuring their environmental risks, albeit unknowingly.
National Underwriter recently interviewed our very own Bill Pritchard, President of Beacon Hill Associates, asking him to weigh in on changes in the market, pricing trends, and emerging risks. This article was printed in the August 1, 2011 issue of PropertyCasual360.com.
Contractors who work with hazardous substances on a regular basis, as well as consultants who assess the effects of contaminants, have always required specialized coverage. As the environmental insurance marketplace has expanded, many of these firms have found that coverage is readily available. The challenge, and the opportunity, is...
2010 saw a rapid expansion of the environmental/pollution insurance marketplace in the face of daunting conditions. Why this growth has occurred, and what it means to an agency, are important to understand. The performance of this niche clearly illustrates the efforts being made to find success in our evolving market, and agents that can correctly tap into it will see significant return on their investment.