Experienced Help With Environmental Accounts
Beacon Hill Associates writes a wide range of accounts, from non-environmental contractors and tanks to energy business. Our specialty is working with agents to secure packaged coverage for environmental contractors and facilities. See how we can help:
Environmental Contractors and Consultants
Coverage is designed to address the exposures of this class of business, including potential environmental concerns at the insured’s site, operational exposures, concerns relating to transportation & waste, etc. See coverage information and enhancements.
Environmental Sites and Facilities
Coverage offers both on-site and off-site clean up, as well as coverage for third party bodily injury and property damage for scheduled locations. Target risks: recycling facilities, landfills, manufacturers, etc. Get minimum premiums and an application.
Determining if an account is “environmental”
When seeking General Liability, Contractors Pollution Liability, and Professional Liability coverages, one typical question raised is “Is this account environmental?” Many environmental insurers have parameters as to what constitutes an environmental risk and what coverages they will consider offering based on those services. For the layperson, that can be confusing. One may recycle cans and plastic bottles, making them a good environmentalist, but not necessarily an environmental operation from an insurance perspective. So how do carriers define “environmental”?
The definition of what fits will depend upon the carrier. Some carriers have a certain ratio of environmental to non-environmental operations in order to offer the GL or PL. Others may include some of the oil and gas industry accounts while others may consider some green energy risks. It often depends on the reason the operations are being performed. For example, a firm performing core sampling to determine soil stability for a construction projection would typically not be a fit, whereas a driller installing a monitoring well to track contamination would be eligible. A consultant who does airborne contaminant testing would fit while a similar consultant testing the structural integrity of pipes or construction materials would not. It is helpful to have a discussion with your environmental specialist to understand how the carrier defines environmental accounts and to determine which coverages they are willing to offer.
For more information or to discuss a specific account, contact us today.
Type: Blog
Topic: environmental consultant, Environmental Contractor, Environmental Facilities
