There are certain insurance policies or add-ons that seem to be unnecessary, but are actually extremely useful, and can mitigate the effects of disastrous situations. Pollution insurance is one of those policies that can be life or death for a company.
We are in a time of heightened awareness as to the impact of hazardous materials on people and the environment. Prior to the 1980s pollution insurance was part of general liability coverage, but now it is its own policy. And, one that is important for anyone working as a general contractor, trade contractor, or in specialty trades including environmental remediation services.
Some of the activities that come with the highest risk of pollution include:
- Excavation, digging or paving
- Roofing, sealant, and siding
- Mechanical, electrical, and plumbing
- Environmental remediation
Accidentally hitting a gas line, or contaminating a water source through the removal of hazardous materials from a job site, can not only have disastrous environmental consequences but can also ruin your business. Protect your livelihood and that of your employees and business with pollution insurance.
Pollution insurance coverage can help you with:
- Legal fees
- Clean up costs
- Bodily injury or property damage costs
- Operational costs
- Property transfer
- Settlement claims
- Errors & omissions