Synapse Services, a US-based wholesale environmental insurance firm, is planning to launch a new policy to provide individual liability coverage for Licensed Site Remediation Professionals (LSRPs) in New Jersey.
Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, will underwrite the new policy.
LIU Environmental senior vice president William McElroy said, "We are pleased to offer our LIU Licensed Remediation Professional policy to this important new segment of providers through Synapse."
Synapse managing partner Dan Beck said that the new policy offers protection to the LSRP on an individual level.
"New Jersey’s Site Remediation Reform Act of 2009 makes LSRPs personally liable for work done on remediation sites," Beck added.