You can cost-effectively meet more environmentally friendly standards, improve community relations and benefit from cost-effective recycling/reuse of construction materials with this policy. When starting a green build project, it’s important for you to address the potential environmental and construction risks that may occur. Chubb offers CPL: Green coverage to ensure that your project remains environmental friendly.
Address the specific risks posed by a Green construction or environmental remediation projects with Chubb’s CPL Green policy. Providing both insurance coverage and risk management services, our program can be structured as an Owner-Controlled Program, Contractor-Controlled Program or stand-alone Project placement to fit your specific project’s needs.
Coverage Highlights
Benefits
- Improved public and community relations through environmentally-responsible business practices
- Cost effective recycling/reuse of construction materials
- Increased awareness of leading construction technology
- Federal/state-based taxation incentives
- Product-based purchase incentives
- Experienced environmental underwriting specialists across U.S.
- Consultative solution development
- Broad range of services available through national network of best-in-class engineering consultants, including environmental risk control experts from ESIS, Inc.®
Coverage
- Expanded Insuring Agreement with automatic coverage for transportation exposures and completed operations.
- Coverage for Fungi and Legionella pneumophila
- Option for Blanket Non-Owned Disposal Sites Coverage
- Premium discounts for LEED-certified building projects
- Value-added services provided by ESIS, Inc.®:
- Carbon/ecological footprint analysis
- Carbon footprint educational training
- Construction IAQ management planning
- Green construction practice identification
- Identification of local material and waste exchange resources
- Indoor air quality and thermal comfort monitoring
- LEED IAQ EQ 3.2 sampling and analysis
- LEED project certification
- Optimization of low VOC and alternative materials use
- USGBC/LEED construction introductory training
- Ventilation: outdoor air delivery and exhaust system monitoring
- Waste and water management analysis
- Water minimization/water optimization strategic planning
Limits & Term
- Limits available up to $25 million per/$25 million aggregate, inclusive of legal defense costs.
- Term: Total policy term of up to 17 years, including both project period and completed operations
Target Client
- Civil
- Commercial
- Federal/state/local government projects
- Industrial
- Infrastructure
- Institutional
Restricted industries are residential projects, defined as:
- Single-family homes
- Townhomes
- Tenant-owned habitational condominiums