Trending Environmental News Stories
Twice a month, Beacon Hill Associates posts various environmental exposure news articles on our blog. This is great information to share with your clients to help illustrate the prevalence of environmental claims and the consequences of not being properly covered. Here are some of our top trending news articles from the past few months:
For more news articles relating to the environmental marketplace, visit the Beacon Hill blog. Feel free to contact us with any questions or comments.
We want your storage tank accounts!
Owners and operators of Underground Storage Tank (UST) or Aboveground Storage Tank (AST) systems purchase environmental insurance for a number of reasons: to comply with lease/landlord requirements, because clients/suppliers require it, to act as a prudent risk management measure, and to comply with…Read more.
Environmental Concerns for General Contractors
A construction project does not have to involve building on contaminated land in order to be subjected to potential environmental claims. Most environmental exposures stem from routine construction activities and often are not visible until they become costly problems. It is the responsibility of the general contractor to…Read more.
Recent Success Stories
- $39M Industrial landfill purchased GL/EIL ($1M/$2M) and a $2M Excess policy for a total of $131,000.
- $100k Waste broker purchased GL/CPL/E&O ($5M/$5M) for $9,000.
- NY Water treatment plant purchased a 3-year, $5M EIL policy, including storage tank coverage, for $17,000.
- $7M Air quality products manufacturer/designer purchased GL/CPL/Products Pollution ($1M/$2M) and a $9M Excess policy for a total of $41,405.
- A soil recycler/hauler purchased CGL, CPL, and Auto, with physical damage for $27,500.
- $10M Noise proofing contractor purchased a $5M CPL policy for $15,600.
- An oil lease operator in PA purchased a $5M EIL policy for $15,700.
- $500k Environmental remediation and consulting company purchased CGL/CPL/E&O/Mold ($1M/$2M) and a $10M Excess policy for a total of $17,326.