Ironshore's environmental business is offering an enhancement to its site pollution incident legal liability select (“SPILLS”) policy to broaden its coverage for manufacturers and distributors, as well as other entities, with products exposure.
In a statement, Ironshore said that its SPILLS policy provides comprehensive environmental liability protection enabling insureds to manage a variety of environmental exposures. Ironshore added that the new SPILLS policy endorsement extends coverage for pollution incidents caused by the insured's product after that product has been put to its intended use, helping to fill policy coverage gaps, which exclude bodily injury, property damage, and cleanup arising from a product.
Ironshore said that its SPILLS program “provides coverage for pollution incidents for a broad definition of pollutants, including hazardous materials, petroleum products, mold, legionella and other contaminants.”
According to the company, the SPILLS policy covers first and third party on-site and off-site remediation expenses, third party bodily injury and property damage caused by pollution incidents, transportation pollution, and waste disposal liability. Moreover, Ironshore added, this new SPILLS policy enhancement “goes beyond where many other site pollution programs end by covering products pollution liability for industries with that exposure.” Ironshore said that it is offering coverage as claims-made and reported coverage, which can be offered to both new and existing insureds. Limits are available from $1 million and up to $50 million.
Ironshore “recognizes the ever-present and increasing risk of unexpected and potentially costly pollution incidents leading to litigation and environmental enforcement actions,” said Toby Smith, the president of Ironshore's environmental business. “Our new endorsement now broadens protection for insureds with pollution exposure associated with their products.”
Learn more: www.ironshore.com.
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].