By Meha Ahmad, InsuranceAgents.com Staff Writer
Pollution liability insurance, or contractor’s pollution liability insurance, is a type of insurance that provides coverage for any damages—cleanup, repair, liability for injuries or deaths, etc.—caused by pollution. Pollution liability insurance acts as gap coverage, because it fills the coverage holes in standard liability policies (that typically do not cover pollution-related damages). To find out how much this insurance may cost you, compare pollution liability insurance policies today. Learn more about general liability coverage and see why you might need pollution coverage as well.
A standard general pollution liability insurance policy will cover a variety of damages, and is usually utilized by companies who, because of the nature of their business, may pose a certain amount of environmental risks and produce pollution and contamination. An example of the kinds of companies that may benefit from pollution liability insurance includes contractors, airports, pig farms, storage yards, fueling facilities and composting firms.
Every individual pollution liability insurance policy is different, so policyholders should consult their insurance agent to be sure of what coverage they have. But generally, a standard, quality pollution liability insurance policy will cover clean-up costs caused by pollution as well as other situations, including:
The pollution liability insurance policy can also cover diminution of value to the damaged property or lost income due to business interruption.
The best way to know for sure what kind of pollution liability insurance coverage each policyholder’s situation calls for, it’s important to consult with an insurance agent. They can help you determine the amount of risk each company/business carries and will help you customize the policy you need.
Keep in mind that not every insurance provider offers pollution liability insurance. And of the providers that do, it is usually considered best to accept the help of an insurer who specializes in pollution insurance. For a starting point, listed below are three high-quality pollution liability insurance providers.
Contact your insurance agent today (or one of the providers listed above) and find out exactly what coverage you need to protect your business from the financial loss of environmental liability.
Published: Monday 9th November 2009
