Pollution Legal Liability Policy
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Policy terms up to 10 years
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Policy limits up to $50,000,000
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Minimum premium for 10-year term starts at $100,000
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Can cover both unknown pre-existing pollution conditions and new pollution conditions
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Claims-made policy form
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Coverage Triggers: Discovery, Third-Party, or Government Mandate
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Flexible Deductible/Premium Structure
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Transferability to future owners
Policy Features
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Clean-up costs for first-party on-site discovery and third-party claims
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Third-party bodily injury or property damage on- and off-site
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Natural resource damage
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Loss of use and diminution in value of third-party property
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Legal defense expenses
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Pollution definitions can include mold, legionella, viruses, bacteria
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Underground and above ground storage tanks
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Environmental liability(ies) assumed under contract
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Notice of possible claims notification
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Coverage of non-owned disposal sites
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Coverage of warehouse/distribution sites
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Business interruption actual loss or rental income
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Transportation
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Crisis response
Standard Coverages
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Some enhancements carriers can provide under pollution legal liability policies include
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separate defense outside of limit of liability
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bacteria/virus clean-up costs coverage
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contingent business interruption and soft costs
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acquired and divested properties by endorsement
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illicit abandonment
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products pollution coverage for pollution conditions caused
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by the failure of an Insured's product