Environmental Contractors Coverage: Environmental, Remediation, Oil & Gas/Oilfield/Energy and Building Contractors face many risks stemming from operations at their job sites and spill locations so it is essential to procure a package policy consisting of commercial general liability (CGL) to respond to bodily injury & property damage to others, professional errors & omissions (E & O) to respond to negligence, contractors pollution liability (CPL) for response to many covered perils including contaminated soil disposal and the accidental release of or fire to materials, fuel oil, chemicals and toxic gases (from broken pipelines and etcetera), utilities and junctures, stationary and mobile fuel tanks as well as sand/gravel or other construction aggregate. Contractors Environmental Liability Insurance can be designed to help protect a wide range of contractors and pollution risks associated with construction sites, remediation and etcetera projects.
'General Liability' (Commercial General Liability, [CGL]), is the one form of coverage that Contractors and Owners should always have in-force, an insurance policy issued to business organizations to protect them from third parties for covered claims with a duty to defend you as well as a limit of liability to respond to covered events for 'bodily injury' and 'property damage' arising out of your 'premises and job site operations', 'products & completed operations' and 'advertising and personal injury' liability. The CGL policy was introduced in 1986 and replaced the “comprehensive” general liability policy. Construction, Oil and Gas/Oilfield/Energy, Remediation and Marine Contracting are unique industries for insurance because contractors are deemed responsible for their job locations and premises before and ongoing while work is being performed and, in many cases, are also required to be responsible for their work for many years into the future after the work is completed...this requirements is typically a 'state statute' set forth in each state. Each state is different in regards to your responsibilities for Construction Defect, Tort Liability and the Statute of Limitations.
In States like Texas and California, your clients will compel you to produce a 'Certificate of Liability', to name their company as 'Additional Insured' on your policy prior to award of a contract or entry to a job-site. The request is commonly made for 'The Core Coverage's' that consists of General Liability, Commercial Auto and Workers Comp. Some clients request certain and specific 'Special Wording' to accompany their certificates; ask for their insurance requirements prior to accepting any contract and let's read your contract together, to be sure the costs and availability of the wording is something you are comfortable with plus so you include those costs in your bid and so that you understand what additional responsibilities or liabilities you may be assuming/accepting.
Environmental Liability insurance is issued on a non-admitted basis and should include: General Liability Insurance for third-party claims for bodily injury and/or property damage, errors & omissions and pollution liability for remediation costs stemming from 'Covered' events.
Companies that procure Contractors Environmental Liability insurance include:
General contractors - Commercial, residential, municipal, highway/road, maintenance, mechanical, demolition, industrial, excavation, grading & etcetera…
Trade contractors - Foundation, HVAC, paving, carpentry, finish, concrete/asphalt and plumbing to name a few...
Specialty contractors - Marine/maritime, energy and oil & gas, pipeline, tank or drillers/riggers for example…
Remediation contractors – Water or land based spills & cleanup…
Contractors Environmental Liability Insurance helps protect these companies from the liability and financial loss that can result when a covered operation results in a liability, professional or pollution incident; a custom environmental insurance program that insures an entire project against pollution risks, including all project contractors, off-site transportation and exposures at non-owned locations can be tailored.
Contractors Environmental Liability insurance is designed to address environmental liabilities associated with the job-site operations of contractors. Owner-controlled Insurance Programs for entire projects can be provided.
When does a company need Contractors Environmental Liability Insurance? Consider the following scenario: A paving contractor sprays an oil-based binding layer on crushed aggregate, planning to complete the asphalt roadway the following day. A heavy overnight rain causes the binding layer to run off into the groundwater supply, contaminating residential wells.
…small manufacturer struggling with legacy indemnities, a conglomerate wrestling with deprivation or dispossessions issues or a contractor protecting against accidents, environmental insurance is essential.
"Pollution Legal Liability," "Environmental Site Liability" or "Environmental Impairment Liability"
-Provides coverage for pollution conditions that arise from past or present operations at a fixed facility or location for a 'Covered' event.
Buyers, sellers and their lending institutions may be added to an existing or new policy. Coverage can be structured for third party claims or discovery of pre-existing contamination.
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