Pollution Liability Insurance
Pollution Liability Insurance, also known as Environmental Liability Insurance, is a very specialized area of insurance that address specific environmental liabilities your business may be vulnerable to.
Do you need Pollution Liability Insurance?
Pollution Liability Insurance protects and covers your company in the event of bodily injury, property damage and cleanup costs as a result of the dispersal, release or escape of pollutants.
These accidents can happen suddenly or over time, but when they do, their clean-up and legal ramifications are costly.
Some examples of Oregon businesses that may need to have Pollution Liability Insurance include:
- Energy (Oil, Gas, Nuclear)
- Commercial Property Owners
- Manufacturing and Processing
- Healthcare (hospitals)
- Environmental or Restoration Contractors
- Environmental Consultants
- Disposal and Recycling Facilities
- Transportation Industry
- Amusement Parks
- Any business with above-ground or underground storage tanks
Pollution Liability Insurance is divided into two main categories:
Pollution Liability Insurance Costs
Pollution Liability Insurance costs are based on a number of factors which include:
- Business experience
- Type of business
- What are the formal controls or loss prevention procedures?
- Loss history
Reach out to me when you’re considering Pollution Liability Insurance. I will discuss with you how it works and assess if it fits into your risk management needs. If you determine this coverage is needed I will then provide you with comparative Pollution Liability Insurance quotes from multiple insurance carriers so you can get the best possible rate.
As an insurance broker I help businesses throughout Oregon and the Pacific Northwest manage risk.