Chubb has broadened the availability of its premises pollution liability and other environmental insurance coverages and risk management solutions through its newly expanded distribution network.
“As other insurers exit core lines of pollution liability coverage, Chubb remains committed to being a full service provider of environmental insurance for businesses of all sizes,” said Craig Richardson, the executive vice president of Chubb environmental. “Market conditions, specific industry risks, and changing Environmental Protection Agency and state regulations have created a wide range of environmental exposures for businesses. Chubb works with companies to create environmental risk management strategies as well as provide a broad range of global environmental coverages, from traditional policies for simple operational exposures to custom programs designed specifically for complex liability relief or M&A transactions.”
Chubb said in a statement that its environmental products distribution network has grown from nine to 48 branch offices. A broadened array of products and capabilities now are available for small, mid-sized, and large domestic and multinational companies, including:
- Premises Pollution Liability Products – Protection for a variety of residential, commercial, retail, and industrial environmental risks. Industry-specific coverages for real estate, healthcare, public and educational entities, and agriculture are available.
- Contractors Pollution Liability Products – Standalone pollution or packaged pollution policies for practice or project-specific (i.e., owner controlled insurance program, contractor controlled insurance program, and healthcare) environmental liabilities associated with day-to-day construction, remediation, and/or consulting services. Packaged pollution includes errors and omissions liability protection.
- Underground and Aboveground Tank Coverage – TankSafe, Chubb's fully-automated Internet-based system, provides commercial underground and aboveground storage tank insurance.
- Environmental Incident Alert – All new Chubb environmental policies receive access to this complimentary logistical environmental response program that offers 24/7 immediate support for environmental releases of hazardous materials and other regulated substances.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].