The Importance of a Separate Pollution Liability Insurance Policy for Businesses

The Importance of a Separate Pollution Liability Insurance Policy for Businesses

Throughout the business world, business owners face many risks as they conduct daily operations. For some businesses, particularly those involved in energy production, manufacturing, and transportation industries, the risks of an environmental disaster are significant. A large-scale pollution loss event can be devastating from a financial perspective, potentially costing millions of dollars in legal expenses, pollution mitigation, and regulatory penalties. U.S. Risk Solutions, a leading underwriter of specialty insurance lines, knows that many business insurance policies exclude coverage for pollution events. It is critical that at-risk businesses seek the coverage of a separate pollution liability insurance policy. 

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What Businesses Need to Know About Pollution Insurance

What Businesses Need to Know About Pollution Insurance

Businesses face many challenges as they conduct operations each year, and often have unique risks associated with the business environment. To help mitigate some of the risk exposures these businesses face, some form of commercial general liability (CGL) policy is typically purchased. One aspect that many businesses do not take into account, however, is that of pollution liability. What if a business were to become involved in an environmental event, such as a hazardous materials spill or groundwater contamination? U.S. Risk Underwriters, a leading provider of specialty underwriting programs for commercial and professional needs, believes that nearly all businesses can benefit from the added protection of pollution liability insurance.

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