The enhancements are designed to extend coverage for waste disposal, owned locations, emergency response, installations and natural resource damages
XL Insurance, the insurance operations of Bermuda-based XL Capital, has announced several programme enhancements to its pollution coverages for contractors, extending environmental coverage for all aspects of a contractor’s operations, both on and off the jobsite.
The company said that the enhancements, available through a group of endorsements, are designed to extend contractors’ pollution coverage for waste disposal, owned locations, emergency response, installations and natural resource damages.
The XL Insurance Contractor’s Pollution Liability Construction endorsements include: emergency cleanup costs up to $500,000 for a period of seven days without pre-notification, a limit that exceeds other coverages available in the marketplace; coverage against sudden and accidental pollution that originates and migrates from owned locations such as offices and equipment yards; disposal of construction and demolition debris at non-owned disposal sites; pollution coverage for transportation beyond the jobsite; extended coverage for environmental liability that can arise in the assembly, fabrication or installation of products; clear coverage terms for mold and natural resource damages; and third-party property damage.
Available with liability limits up to $50 million, the XL Insurance Contractor’s Pollution Liability Construction package is underwritten by XL Specialty Insurance Company, Greenwich Insurance Company and Indian Harbor Insurance Company.
Rich Corbett, head of global environmental unit at XL Insurance, said: These coverage enhancements are a convergence of 25 years of best practices in the environmental industry. Through ongoing discussions with brokers and our customers, we continuously review our pollution policies and look at how our policies can be improved and modernised to meet the construction industry’s risk management needs as they change.