Pollution Legal Liability (PLL)
We can provide site specific pollution liability coverage (policies have different names: Pollution Legal Liability, Environmental Impairment Liability, Environmental Site Liability) pre-underwritten and tailored to fit specific risks by our environmental insurance experts. Such coverage can be essential to the success of real estate transactions involving contaminated property.
Basic Coverage
- Third party bodily injury and property damage, and cleanup costs arising out of:
- New pollution conditions from on-going operations
- Pre-existing known or unknown pollution conditions from historical operations
Policy Highlights
- Limits up to $50 million
- Terms up to ten years
- A rated carriers
- Premiums for typical 5 year policy (with some contamination) as low as $20,000
- Site assessments required for historical coverage of contaminated properties. We provide links to top, national engineering company for required assessments.
- Coverage for indoor pollution including mold
- Coverage of institutional/engineering controls liability
- Portfolio coverage for groups of properties
Customer Profile
- Real estate developers
- Parties to Brownfields/contaminated property transactions
- Environmental facilities (waste, recycling, landfills)
- Hospitals
- Financial institutions
- Municipalities
- Automobile dealerships
- Property managers
|
