"Lender Environmental Insurance" is a American Lawyer Media form. The following model form has been provided by permission of Zurich-American Insurance Group and Steadfast Insurance Company for lender environmental insurance.
Iowa Lender Environmental Insurance
State:
Multi-State
Control #:
US-LEI897
Format:
Word;
PDF;
Rich Text
Instant download
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FAQ
For example, if there are storage tanks containing milk or cooking oil that are released into groundwater, the water is then considered polluted. The water itself may not be toxic to drink, but the area affected still needs remediation, which may be covered under a Pollution Liability policy.
Pollution Liability means liability covered by this Policy in respect of Personal Injury or Property Damage caused by or arising directly or indirectly out of the actual, alleged or threatened discharge, dispersal, release or escape of Pollutants.
Transportation pollution liability provides protection for pollution emanating from products or materials during loading or unloading while being transported, shipped, or delivered by your business or by a carrier on your behalf.
A major concern in the market is a great number of insureds mistakenly believe they are covered for pollution releases under their general liability and property policies. However, these policies either restrict or exclude such coverage, leaving their policyholders exposed to potentially costly risks.
Our limited liability pollution coverage provides for bodily injury, property damage and clean-up costs caused by pollution. This optional coverage is available for pollution incidents that are unexpected, provided that the discharge: is detected by any person within 120 hours of the start of the incident.
Environmental liability insurance, also known as pollution insurance, provides businesses with liability coverage for environmental risks from pollution exposures, as well as any pollution legal liability and cleanup costs they might face.
What is Site Pollution Liability? Site Pollution Liability insurance, also known as Premises Pollution, Environmental Impairment Liability (EIL insurance), and Pollution Legal Liability (PLL), is designed to cover claims arising from pollution releases at, on, or emanating from a specific scheduled location.
Environmental Combined Policy (ECP) Our ECP policy provides liability coverage for bodily injury, property damage and cleanup costs for your environmental contractors and consulting clients. The Contractors Pollution Liability coverage part is available on either a claims made or occurrence basis.
