What is Environmental Liability? It is a potential legal obligation to make a future expenditure due to the ongoing or future manufacture, use, release, or threatened release of a particular substance, whether such events are “sudden and accidental” or “gradual” in nature. Clients in every industry are subject to environmental risk and liability and is a growing concern for many businesses that are involved in transportation or trade.
Today there are stricter regulatory requirements which have increased the demand for a broader risk management and insurance solution in this segment. Eagle’s Environmental Impairment Liability insurance is tailored to provide your clients with a coverage that is far more superior to that of the standard CGL coverage; which they need to adequately protect their business from the continuously changing environmental landscape.
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Standard Coverage’s • 1st party clean-up • 3rd party clean-up, bodily injury, property damage, natural resource damage • Emergency response • Gradual and sudden • Transportation • Contractors / Insured Work • Business Interruption • DIC Automobile Pollution
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Who benefits from this type of Coverage? • Airports and Fuelers • Aircraft operators • Aerospace manufacturers • Marinas / Boat Yards / Ship Builders • Terminals / Ports • Rail Carriers / Rail Car Owners • Logistics companies including truckers and warehousemen • Maintenance, Repair and Overhaul • Service companies – aviation, marine, rail • Combine with other insurance coverage’s such as marine liability, aviation liability, cargo liability
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Even if you haven’t recommended Environmental Impairment Liability cover to a client in the past, it makes sense to re-examine the exposures of your client on a regular basis.
