Environmental Insurance

What is Environmental and General Liability Exposures Insurance?

EAGLE combines Commercial General Liability (CGL) and Pollution Legal Liability (PLL) coverage in a single cost-effective policy to help eliminate potential coverage gaps for clients from traditional to non-traditional pollution-generating industries. EAGLE helps to eliminate policies in place from multiple insurers and multiple underwriters.

Why does your business need Environmental and General Liability Exposures Coverage?

• While replacing a steam supply valve in a critical pipe at a refinery, a back draft of hydrogen sulfide gas was released and asphyxiated an employee of a third-party contractor, resulting in death
• A manufacturing facility had a leak in a tank onsite which resulted in the release of a hydrochloric acid vapour cloud causing respiratory issues for nearby residents

What does Environmental and General Liability Exposures cover?

EAGLE provides coverage for a huge range of potential claims that are generally not covered under a standard ISO GL policy. Target classes include manufacturing and distribution, chemical-related, metal working, construction-related, specialty, petroleum/plastic/rubber-related, and packaging/containers.

• Emergency response costs arising from a pollution condition requiring immediate action
• Pollution Legal Liability arising from pollution conditions on, under or migrating from an insured property or non-owned location on a claims-made and reported basis:
  • Coverage D-1a: Third-Party Claims for Bodily Injury or Property Damage or Off-site Clean-up Costs; scheduled insured properties
  • Coverage D-1b: Time-Element Third-Party Claims for Bodily Injury and Property Damage — 20-day discovery/60-day reporting of pollution conditions; definition of insured property includes all premises owned, occupied, rented, or leased by the insured
  • Coverage D-2: Third-Party Claims for Non-Owned Locations — qualified blanket locations included in base form and can schedule additional locations
• Pollution liability insurance options include new and pre-existing conditions for claims for bodily injury, property damage and clean-up costs on or migrating from scheduled insured properties
• Additional pollution legal liability insurance coverage afforded for environmental liabilities arising from hostile fire, products pollution, contracting operations and transportation of the insured’s goods, products, or waste
• Primary general liability coverage includes broad form named insured, broad additional insured coverage, and no premium audit provision
• CyberEdge® endorsement available for non-physical cyber coverage
• Primary and excess coverage available
• Minimum premium: EAGLE - $20,000
• Excess — Follow Form Basis — $25M in total limits excess of the primary EAGLE (or equivalent GL/ Pollution Combined form), EL, Auto, Marine, and Foreign
  • Lead Excess — where EAGLE is the primary policy
  • Ventilated Excess — Primary EAGLE with a non-lead excess policy
  • Unsupported Excess — requires an EAGLE Equivalent primary policy, $25K minimum premium
• Underlying coverages can be included, excluded, or sub-limited based on insured’s needs
• Financial strength rated A+ by S&P, and A by AM Best

The AIG Advantage

• An understanding of clients' specific risk management needs, supported by decades of experience and flexible, tailored solutions for businesses of all sizes
• Can provide coverage worldwide through AIG’s multinational team on multinational paper
• Policyholders have access to a 24/7 nationwide network of pre-vetted vendors for emergency response and cost control via the Pollution Incident and Environmental Response (PIER) Program®

What is Trade Contractors Pollution and Professional Liability Insurance?

Trade Contractors Pollution & Professional Liability (TCP2) is an innovative new product that combines contractor’s pollution liability (CPL) coverage and professional liability (PL) coverage for environmental and errors and omissions exposures faced by construction, service, trade, and artisan contractors.

Why does your business need Trade Contractors Pollution and Professional Liability coverage?

• A client was incurring significant fees for their use of emergency response contractors, who often charged higher fees for after-hours responses and for clients that didn’t have a pre-negotiated contract
• A large commercial contractor client pursues and bids on numerous projects as standard practice. To be competitive in the time-sensitive bidding process, the client requires accurate and expeditious insurance cost estimating 

What does Trade Contractors Pollution and Professional Liability cover?

TCP2 helps minimize loss from pollution resulting from covered operations and/or claims because of a negligent error or omission in the rendering of professional services.

• Contractors Pollution Liability
  • Completed operations and transportation included in definition of covered operations
  • Microbial matter and Legionella Pneumophila included in definition of pollution conditions
  • Separate defence of $1M or more, including the option for unlimited defence options
  • Non-owned disposal site coverage
  • Supplemental coverages, including emergency response cost at CPL policy limit — no requirement for third-party claim or written demand; and pre-claim circumstance expense to help prevent or avoid a loss 
• Professional Liability
  • Mitigation expense included
  • Contingent Retained Professional Loss included
• Contractor’s Pollution Liability: limits up to $50M; occurrence-based coverage
• Professional Liability: limits up to $10M; claims-made coverage
• Annual policy term
• Minimum premium of $2,500 for CPL and $1,500 for professional liability

The AIG Advantage

• Employs experienced underwriters who leverage AIG's 35+ years of environmental market knowledge and expertise to write flexible, high-quality coverage solutions with tight turnaround deadlines (when necessary)
• Specializes in writing policies for contractors with annual revenues under $20M and provides rapid, efficient response to all inquiries
• Works with dedicated engineers with years of insurance and environmental consulting experience to assist underwriters with risk management program evaluation
• Assists with crisis management, access to pre-vetted 24/7 emergency response contractors, and cost control via the Pollution Incident and Environmental Response (PIER) Program® and CrisisResponse®
• Assigns in-house, industry-focused claims professionals to provide dedicated, expert guidance and prompt resolutions