Spotlight: Asbestos & Lead Abatement Contractors
Asbestos and lead abatement contractors face a number of unique exposures from their daily operations. Mishaps such as improper handling and storage of materials can lead to pollutant spills and liability to contractors. In addition, unknown factors including existing site contamination and structural conditions present environmental risk and liability to contractors.
— Failure to identify or characterize contamination during surveys.
— Faulty design of remedial action and management plants causing bodily injury.
— Diagnostic laboratory errors.
— Hazardous air emissions from incomplete abatement.
— Inaccurate post-abatement certification.
Your clients understand their own business but they rely on you to make sure they have the proper coverage to insure that business so it’s important for you to ask the right questions. You may be talking with an asbestos abatement contractor who clearly needs the CGL/CPL but do they transport the bagged asbestos to a disposal site or bring it back to their own site for temporary storage while awaiting a 3rd party to transport? These are exposures not typically covered in the policy forms but may be included by endorsement. Reviewing and understanding exclusions is equally important. Some carriers have exclusions for asbestos, lead, mold, EIFS, or work performed by subcontractors. You should ask for and review specimen forms and endorsements to ensure you understand the policy you are offering to your clients.
Important Coverage for Fire & Water Restoration Contractors
Fire & water restoration contractors work on locations that have experienced natural or accidental disasters. These disasters may be small, such as a burst pipe, or bigger problems like fires, smoke damage, storm damage, damage from heavy rains, floods, tornadoes, hurricanes?even tsunamis. They can be devastating for the businesses that have to be restored; however, if a restoration contractor exacerbates or creates an adverse environmental condition during restoration activities, their client as well as their own restoration business, may never recover.
Restoration contractors have to be knowledgeable about every type of contracting activity because they may encounter various types of chemical mixtures, residue from fires, and spills. Some of these materials may be hazardous, non-hazardous, or a mixture of both. It is up to the restoration contractor to know how to manage these materials and have procedures in place so that they are not released further into the environment. The need for environmental coverage to address these concerns is crucial. For more information about this class of business and the insurance products that apply to them, contact us.
Recent Success Stories
$1.6M Asbestos abatement and mold remediation contractor purchased GL/CPL/Mold/E&O for $13,000.
$75M HVAC and plumbing installer purchased CPL/ E&O for $42,155.
$10M Manufacturer of air pollution control devices purchased GL/CPL/Products Pollution/Hired and Non-Owned Auto and a $9M Excess policy for $57,425.
$4.5M Company that designs, manufactures, and distributes dust collection systems purchased GL, CPL, Sudden & Accidental Premises Pollution Liability, and Products Pollution. Also coverage for NODs, TPL, EBL, project aggregate. Total premium totaled $15,360.
$8M Manufacturer of electronic control equipment for flowline systems purchased GL/Products Pollution/CPL/E&O and Excess ($5M) $48,794.
New! Environmental News Updates
We are excited to announce that we will now provide regular news updates on our blog. We aggregate the latest news releases that we think will be of interest to you—current events on exposures, regulations, and other industry happenings relating to the environmental insurance industry.