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Environmental site liability
Chubb Commercial Insurance

Environmental site liability insurance helps protect companies from the uncertainty of potential environmental liabilities associated with owning or operating facilities or sites and protects buyers and sellers in mergers acquisitions or divestitures.

The policy protects against liabilities for property damage, bodily injury and remediation costs from past and future pollution incidents arising from site or site based actions. In addition there are no temporal qualifications to the cover so it is provided for sudden, accidental and gradual pollution incidents.

Other key features can include:

  • Own site and off site clean-up costs are covered (remediation costs) - to the extent required by environmental law
  • Emergency expenses - to deal with the consequences of a pollution incident before likely serious harm to human health or serious environmental damage actually arises
  • Indemnity for directors and employees
  • No retroactive date needed – therefore it is ideally suited to support mergers and acquisitions (M&A) or any land transaction where there may be a concern about pre-existing contamination or pollution.
  • Annual renewal or long period renewal of up to 10 years.  Longer term policies ideal in supporting M&A deals or land transactions.
  • Provides cover for historical pollution
  • Extended reporting period up to 48 months following policy termination available (where renewal of policy not required)
  • New liabilities under the European Environmental Liability Directive (Directive No. 2004/35/CE) can be covered if and when required
  • Optional coverage for the transportation of cargo

Types of business we have insured include:

  • Commercial property owners and developers
  • Portfolio owners/managers
  • Investment trusts
  • Schools, colleges, universities
  • Municipalities
  • General manufacturing companies
  • Fixed-based airport operators
  • Food processors
  • Power generation operators
  • Sewage treatment and other utility activities
  • Bio-fuel production and a wide variety of other alternative and renewable energy applications and processes
  • Waste treatment, storage and disposal operators