Pollution Liability Coverage Articles & Analysis
5 articles found
Burns & McDonnell has agreed to indemnify the buyer and seller of all environmental remediation liability at the site through the use of pollution legal liability coverages and cost-cap insurance policies. ...
Three types of liability coverage available include: • General Liability - This protects against claims for bodily injury or property damages that result from a pollution occurrence on the insured's property, or from operations that takes place away from the premises, or perhaps from the insured's product. ...
This fact, together with the new flexibility of the policies, the greater creativity allowed to underwriters, the willingness to cover known pollution and, sometimes, unusual liabilities, all appear to have led to much wider differences in coverage offered for the same risk, and sometimes, also, in price. ...
In 1989, the industry began adding various coverages, such as contractors' pollution liability and consultants' errors and omissions, and, later, on-site coverages. However, between 1985 and 89, the AIG PLL policy was the only environmental coverage form generally available, and, until 1992 it was the only ...
The definition of property damage did not encompass diminution in value (third or first party) or collateral value loss for banks, thus precluding secured creditor or lender liability coverage. Some typical CGL policy exclusions limited coverage for products liability or completed operations pollution. ...