Osprey Underwriters, Inc. | Environmental Liability Insurance

About This Coverage

Environmental insurance is unusual in that it exists to fill gaps in coverage created by exclusions in other insurance policies - primarily commercial general liability and commercial property policies.
There are no industry standards for the coverages offered in an environmental insurance policy. As a result, the coverages offered between different environmental insurance policies vary a great deal, even within the same coverage line. In addition, because most environmental insurance policies are written in the excess and surplus lines insurance marketplace, there is little regulatory oversight of the coverage line.
Care needs to be exercised to ensure that a policy purporting to cover environmental exposures does in fact do so. Genuine environmental insurance needs to provide coverage for losses arising from the release or escape of pollutants.
Although there are other type of environmental impairment insurance policies, the commonly available ones are divided into three main types.

State Eligibility

Eligible State

State Not Available

Industries Available

Construction
Manufacturing
Transportation and Warehousing
Real Estate Rental and Leasing
Professional, Scientific, and Technical Services
Management of Companies and Enterprises
Administrative and Support
Health Care and Social Assistance

Coverage Limits

Up To

$25M

Minimums

Combined Liability policies: as low as $2,500 minimum premiums
Mono-line Pollution Liability policies: minimum premiums as low as $950

Key Features

COMBINED LIABILITY POLICIES

Coverages include general liability, contractor's pollution liability, and professional liability. Additional coverages which may be available for specific firms include: primary commercial auto, follow form excess, premises pollution liability, and products pollution liability.

Environmental Contractors
Environmental Consultants
Oil and Gas Contractors And Consultants
Product Manufacturers & Distributors

MONO-LINE POLLUTION LIABILITY POLICIES

Coverages is for pollution liability only, which includes cleanup costs for pollution conditions. Additional enhancements may be available include: separate defense, first- and third-party transportation, non-owned disposal site coverage, and sudden accidental premises pollution coverage.

Non-Environmental Contractors
Project Specific
Fixed-Site Premises Pollution

STORAGE TANK LIABILITY POLICIES

These types of policies are applicable to owners of above or below (underground) storage tanks, commonly abbreviated as AST (Above-ground Storage Tank) and UST (Underground Storage Tank). One of the key features of these policies is the satisfaction of federal (e.g., EPA) and/or state requirements for financial responsibility.

AST Facilities
UST Facilities

Preferred Classes

ENVIRONMENTAL CONSULTANTS

Design of systems, protocols, or remedial action programs for the remediation or abatement of pollutants
Environmental compliance, permitting, training, or safety consulting services
Laboratory analysis of pollutants
Phase I, Phase II, or Phase III assessments, or remedial investigations
Project management of remediation activities
Storage tank and pipe integrity testing
Testing, monitoring, or conducting remedial feasibility studies of pollutants

ENVIRONMENTAL CONTRACTORS

Construction or operation of landfills, recycling facilities, or other waste facilities
Installation or maintenance of testing, monitoring, or similar equipment
Installation, removal, or cleaning of above ground or underground tanks
Remediation or abatement of pollutants
Removal, excavation, containment, treatment, or neutralization of pollutants

NON-ENVIRONMENTAL CONTRACTORS

Carpentry or Framing
Concrete
Demolition
Electrical
Excavation/Site Development
General Contracting/Construction Management
Insulation
Landscaping
Masonry
Mechanical/HVAC/Plumbing
Roofing
Street & Road

OIL AND GAS CONTRACTORS AND CONSULTANTS

Contractors involved in construction, maintenance and repair work at energy projects (oilfields) with the exception of contractors involved in drilling and/or downhole operations
Professional firms that contract with well operators and owners for gathering, researching and analyzing information associated with the energy site. Does not include consultants responsible for direct supervision and project site control

PRODUCT MANUFACTUERS & DISTRIBUTORS

Air/Water Filtration Equipment
Coatings - Paints, Varnishes
Compressors, Pumps
Containments Systems
Drums & Containers
Environmental Monitoring and Remediation Systems
Industrial Chemicals
Industrial Soaps, Detergents, Cleaners
Instruments, Gauges
Pipes, Pipe Fittings
Storage Tanks
Valves

PROJECT SPECIFIC AND FIXED-SITE PREMISES

Brownfield and �Greenfield� Property Developers
Commercial, Multi-Family Residential, Retail, Hospitality, Mixed Use - Single Property Owners or Portfolios
Environmental Facilities; (i.e., Landfills, Transfer and Recycling Centers, TSDF�s)
Light and Heavy Manufacturing Facilities
Other Environmentally Complex Properties
Transportation Facilities - (i.e., Terminals, Airports, Marinas)