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Environmental Insurance

Custom solutions to manage pollution and other risks.

 

Environmental insurance for your business needs.

Environmental concerns continue to be a leading societal and business risk issue, sometimes posing serious unexpected challenges. We’ll work with you to create a custom solution to help protect your business against environmental risks.

The cost of environmental damage to businesses.

These days, businesses face tougher environmental laws and greater public scrutiny. So, when your business accidentally causes pollution, contamination, or other environmental damage, it can be costly all around.

Areas where business insurance alone is not enough.

The loss of business and replacement or repair of your business’ equipment is a hefty price in itself, but your business could also face damages for the clean-up operation. Usually, these types of costs are not covered by general business liability insurance, so you’ll need a specialist environmental insurance policy to help protect your business.

 

INTERACTIVE GRAPHIC

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What happens in the aftermath of a cyber hack?

A number of action steps must be taken once your business has experienced a cyber hack. These steps include:

All of these necessary action steps can lead to a hefty, unexpected cost for your business. Not to mention, dealing with the aftermath of a cyber hack could close your business temporarily, which could result in a loss of income.

Proactively identifies weak points in cyber security.

In addition to helping you protect your business against cyber risks financially, obtaining cyber liability insurance can also help reduce potential risks, because insurers will talk through your current cyber-defenses and identify potential weaknesses that you need to plug.

Want to obtain a cyber liability insurance policy for your business? Reach out, we’re ready to help.

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As an independent agency, we are here to help you find the right Environmental Insurance coverage.

Environmental Insurance Quote Request

As an independent agency, we are here to help you find the right coverage.

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Business Income

Risk Factor

If a building is contaminated by mold, lead, asbestos, or other hazardous materials, it may be deemed uninhabitable. Owners who are unable to collect rent from tenants can suffer from significant income loss as a result.

Solution

A premises pollution policy can also provide coverage for business interruption losses including rental income, relocation, mitigation, net profits, and payroll.

Asbestos

Risk Factor

Asbestos is a heat-resistant material that was commonly found in insulation, drywall, ceilings, and floor tiles up through the mid-1970s and later. Asbestos is known to cause severe lung damage.

Solution

Because asbestos was so prevalent in construction materials and can still be found in buildings today, purchasing premises pollution insurance that includes coverage for asbestos remediation, property damage, legal defense for bodily injury claims, and medical monitoring can protect your financial investment.

Lead

Risk Factor

Many old apartment buildings contain lead-based paint, which is now known to be very harmful if absorbed into the body. Small amounts of lead can cause serious health issues and larger amounts can be fatal.

Solution

Premises pollution policies provide coverage for removal of lead-based paints and other lead hazards. It can defend against legal claims of injury caused by the lead as well as medical monitoring for ongoing concerns.

Mold

Risk Factor

Some water leaks are very obvious so they’re able to be repaired timely. Others are more discreet, causing mold to grow unnoticed. Mold is a health hazard that can make tenants very sick.

Solution

Premises pollution policies can include coverage for remediation of mold and damage to the property. It can also provide coverage for defense of claims of bodily injury as well as court-awarded damages.

On-site Oil Spill

Risk Factor

A broken pipe or the misdelivery of heating oil can result in a hazardous spill and a costly clean up. Other chemical spills can be equally detrimental for building owners. Spills can also go beyond the property line, causing third-party damage.

Solution

It can be very expensive to clean up after a hazardous material spill like oil or gasoline. If the damage extends beyond your property onto your neighbors, those costs go up exponentially. Because this sort of accident can happen quite easily, proper premises pollution insurance is essential to help mitigate the financial risk.