Environmental Risk Insurance

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Environmental Risk

Structuring Innovative Insurance Products to Manage Environmental Risk

What are the odds of an environmental liability claim?

It’s admittedly greater for some companies or organizations than others, but the chances of a claim are still considerable for just about any company or organization.

And it doesn’t take a major oil spill to trigger an environmental claim. It may be as unintentional as an incorrectly positioned valve that causes a toxic release or as seemingly innocuous as an inconsistency in an environmental assessment that later tarnishes the prospect of merger and acquisition. Under federal law, environmental liability could exist whether the act of pollution happened yesterday or decades ago.

Cleanup costs can easily run into millions of dollars and most property and casualty policies contain a pollution exclusion. This exposure is one reason that many employers have turned to environmental liability coverage, which provides protection against third-party environment impairment claims for bodily injury, property damage, and cleanup costs arising from an event on or stemming from a covered location.

Coverage for damage to your property can also be written under a first-party policy. But do you need pollution and remediation legal liability or a pollution legal liability policy? Here more than ever, precise technical knowledge and market resources are critical. How coverage is written varies greatly from one insurer to another, and competition means that identifying the best coverage depends on knowledge of the market.

It’s easy to see the importance of partnering with a specialist that can deliver on a customized solution.

The professionals at Alliant Insurance Services are specialists experienced in structuring innovative products designed to manage the unique environmental risk exposures our clients face in today’s challenging business climate.

Our success is grounded in specialized market knowledge, exceptional underwriter relationships, and the determination for achieving client satisfaction.

This process ensures a solution with the broadest coverage and most cost-effective terms, so your company or organization can operate without the fear of an environmental loss that derails your plans.

For more information, contact:

Bill Nellen

(470) 237-3030

Jessica Plummer

(347) 583-8260

The Specialty Leader Since 1925

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Environmental Risk

For more information, contact: