FGIB:Delivering Environmental Liability Insurance

Fuel spills, chemical leaks, noxious gases, contaminants and corrosives—the list of possible pollutants goes on for pages. So does the list of industries that have exposure to pollution liability risks. Segments include financial institutions, restaurants, beauty salons, drycleaners, pool companies, landscapers, contractors, marinas and boat dealers, as well as non-profits and condo associations, among many others. The cost of cleanup and restitution for property damage and bodily injury resulting from the release of pollutants can be very high. Unfortunately, pollution risks are usually excluded from a Commercial General Liability insurance policy, and Environmental Liability insurance should be purchased.

Covering Your Exposures

Financial Guaranty Insurance Brokers (FGIB) works with several leading commercial pollution insurance specialists enabling us to find the right Environmental Liability policy for your needs based on your operation and the level of your risk. Environmental Liability insurance covers both sudden and gradual pollution incidents and can be applied to on-site and off-site events. If you need to include coverage for acquired properties or business interruption losses, those can be accommodated, and legal defense costs coverage may be available on a first-dollar basis. Some insurers also offer an option for extended reporting periods, or “long-tail” coverage. It all depends on the properties you own and the operations you conduct.

Whether it’s lead abatement, liquid waste remediation, wetlands damage, contamination of waterways or air ducts, or many other environmental liability risks, FGIB has a policy that will respond.

WHAT OUR CLIENTS ARE SAYING

“Words cannot express my sincere thanks to FGIB. In 2009 our bank was put into a regulatory C & D. Our Fidelity and D & O Bond was cancelled, without notice, from a company that the bank had been with for over 20 years. The cancellation shocked us, since we had an additional 17 months until the Bond’s expiration date.

It was an extremely difficult time for our bank. Fortunately, we were put in contact with FGIB. FGIB was able to find reasonable coverage for our Fidelity and D & O Bond, when no one else would. We have been a customer ever since. We appreciate FGIB’s honest, personal, and professional service.”

John G. Sorensen, Jr., President

Home Savings Bank

“I have had a long time relationship with FGIB. Throughout the years they have been straightforward and attentive to our organization’s needs. They have always been available to answer questions and give presentations to both executive management team as well as the BOD. Everyone is friendly with a vast amount of bank insurance knowledge.”

Chuck Lanzrath, CFO

Layton State Bank

Providing Solutions that Align with Your Business Needs

Our vast network of contacts, through industry organizations, long-established relationships and years of service to the financial industry and beyond, enables FGIB to sort through the complexity of choices to recognize the right fit for your organization. We know your industry and understand how to secure the appropriate insurance solutions. We are licensed in the majority of states and are ready to serve you. Give us a call at 626.793.3330.