Post Topic
Environmental / Construction Professional and Pollution Insurance
Reporting Professional and Environmental Insurance Claims: What You Need to Know
It’s bad enough when a pollution-related or professional-related loss occurs for which your insured may or may not be responsible. A lot of stress is involved, including pressure from the impacted third party or governmental entity to resolve the situation quickly. Thanks to your insights and recommendations, your client has the right Environmental or Professional…
Groundwater Pollution Insurance: Why Every Site Needs It
Water is all around us. It falls from the sky, collects in ponds and streams, and makes up around two-thirds of our planet’s surface. However, in the US, around 38% of our drinkable water is hidden from sight, residing deep underground in ancient aquifers and basins. Just because we cannot necessarily see these water sources…
Mold Matter Insurance: Coverage for Contractors
Mold is one of those problems all contractors have dealt with at some point. Whether it’s a leaky window or drywall that didn’t dry quite right, mold can quickly and easily delay projects and cost contractors thousands of dollars in liability and remediation costs. This is where Distinguished’s mold matter coverage comes in, offering contractors…
Underground Storage Tank Insurance: A Comprehensive Guide to Coverage Options
Deep beneath the earth’s surface, a network of silent sentinels stands guard – underground storage tanks (USTs) safeguarding crucial petroleum and hazardous substances. The Environmental Protection Agency (EPA) reveals a staggering 542,000 of these tanks scattered across the nation. While they play a vital role in our lives, there’s a hidden peril that could spell…
Environmental Justice Legislation: How New Jersey’s Lead Sets the Stage for Nationwide Change and the Role of Environmental Insurance
This article explores New Jersey’s groundbreaking environmental justice legislation and its impact on overburdened communities. It highlights the key provisions of the state’s Environmental Justice Law and the significance of environmental insurance as a risk management tool. The article emphasizes the need for comprehensive coverage to protect businesses from pollution risks and legal liabilities. Overall,…
Pollution Legal Liability Insurance: Coverage Every Site Needs
Liability risks can come in many shapes and sizes on a property. While most of these exposures are well covered by a general liability (GL) policy, crucially, some are not. Most GL policies do not cover environmental liability claims, meaning site owners or operators could be unknowingly underinsured or uninsured for these events. One way…
Emerging Contaminants: The Rising Concern of Carbon Tetrachloride and What You Need to Know
Emerging contaminants are chemicals in the environment that have been recently identified as posing a potential risk to the environment or public health. These contaminants may arise from everyday products or their use in various industries. As these contaminants are detected in the environment with increased frequency and concentration, they become subject to greater scrutiny…
Why Reporting Delays Can Cost You Environmental Insurance Coverage
This article emphasizes the importance of timely reporting in environmental and construction professional insurance policies. The policies require the insured party to provide notice of a claim or coverage trigger “as soon as practicable.” Late reporting can cause issues for both the insured and the carrier, including altered site conditions, lost evidence, and difficulty in…
Environmental Insurance: Costs, Coverages, and Why Your Clients Need It
It may come as a shock to brokers and clients, but many pollution events are not covered by typical general liability (GL) or property insurance (PI) policies. That means that if an underground storage tank leaks or asbestos is inadvertently disturbed on your client’s site, they may not be covered for the cost of cleanup,…
When & Why Contractors Should Consider a Project-Specific CPL Insurance Policy
If you’re a commercial lines broker, you have undoubtedly handled construction-related accounts. Whether it’s for general contractors or trade contractors like electrical, plumbing, or roofers, you are probably well-versed in their practice policy needs. And while a practice policy can address most of your client’s needs, there are times when the project at hand calls…