In the last 40 years, significant change has occurred in commercial insurance shifting coverage for pollution losses from the General Liability policy to the environmental liability policy. This change is driven by our nation’s growing concern for the environment along with a deeper understanding of the potential exposures.
Standard business General Liability policies provide little coverage for pollution damage. Today, most companies purchase a separate environmental liability policies. These contracts provide coverage for the exposure that the GL form excludes.
Property owners with site contamination risk may purchase environmental impairment liability insurance. It covers property loss and liability from pollution related damages that emanate from that location. Coverage is usually written on a claims-made basis so policies only pay claims presented during the term of the policy or within a specified time after the policy expires.
Who should consider pollution protection:
- Site specific risks such as manufacturing and recycling
- Transportation exposures
- Construction and demolition risks
- Real Estate transactions
- Consulting and professional exposures
The agents at Performance Insurance Group are knowledgeable and here to answer all your coverage questions.
From our Severna Park location, we provide quality insurance protection throughout Maryland, and particularly in the communities of Gambrills, Crofton, Crownsville, Millersville, Davidsonville, Annapolis, Severna Park, Pasadena, Severn and Baltimore.
We are an independent insurance agency offering coverage from several of Maryland’s top rated insurers. Call us at 410.674.9066 today and we’ll do the shopping for you.
We serve the entire Anne Arundel, Howard and Baltimore County areas.