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.