News From Beacon Hill – August 2013

 Important Coverage for Real Estate Portfolio Insureds

ApartmentComplexCommercial real estate is a billion dollar industry, turning open land or old structures into apartment buildings, strip malls, and other profitable centers. Typically there are many people involved in the development of these locations, as well as the companies that own and/or manage them after they are built. Carrying Premises Pollution Liability insurance is a crucial part of responsibly operating a business like this, and can protect the insured in the event of an environmental exposure. Read more.

Account Profile: E-Recycler

???????????E-recyclers typically pick up used phones, computers, and other electronics, bring them back to a facility, and take them apart to dispose of or reuse. Exposures could include: heavy metals leaching into soil or groundwater, improper sorting/packaging/labeling of hazardous or non-hazardous materials, improper handling or storage of the waste at the site or improper disposal of the waste at a non-owned facility, over the road spills of hazardous waste, and onsite storage of chemicals, any storage tanks, or generators used at the facility. In this account profile, we will highlight a Texas-based e-recycler and the coverage they chose to purchase. Read the complete account profile.