Pollution Legal Liability

ENVIRONMENTAL & CONSTRUCTION PROFESSIONAL

PRODUCT PROFILE POLLUTION LEGAL LIABILITY COVERAGE APPLICATION • New pollution conditions Pollution Legal Liability (PLL) provides • Existing pollution conditions pollution liability coverage for environmental • On site clean up coverage risks associated with the ownership/lease of • Transportation coverage property or operation of a facility or site. PLL • Non Owned Disposal Site (NODS) applies to virtually every industry that owns, coverage leases, acquires or divests real estate. • Business interruption Where PLL was once used solely as an • Builders soft cost alternative for federally-regulated facilities to • Mold liability coverage post financial assurance under the various • Products – pollution liability federal statutes, today its applicability is far more widespread. In addition to treators/ Another important aspect of coverage storers/disposers/generators of hazardous offered under PLL that should be waste/materials, industries such as the understood is, if a known environmental following are purchasing PLL coverage to condition exists at a site, the policy can protect against environmental loss: be structured to provide some type of • Agriculture environmental coverage for that existing • Biotechnology contamination. Coverage is based on • Brownfields Energy the type and extent of the site’s existing • Commercial contamination. • Condominiums • Construction PROGRAM OVERVIEW: • Education • PLL is intended to fill the “environmental • Financial Institutions gap” left in most general liability policies • Fuel Distribution for owners of property and operators of • Healthcare facilities or sites. • Hotel/Casino • External protection mechanism for • Manufacturing environmental losses/claims that would • Mining otherwise be paid by the owner of the • Pharmaceuticals property. • Property Development • Can be structured with mold liability and • Sports/Entertainment mold clean up coverage. • Transportation • Provides coverage for past, current and • Warehousing future environmental losses. • and more... • PLL provides simple asset protection from potentially catastrophic environmental CONTACT POLICY FORM events associated with day-to-day RT SPECIALTY - HAMILTON PLL provides coverage for pollution operations. 2465 Kuser Road conditions or events on, at, under or • Reduces much of the uncertainty Suite 202 emanating from a covered location(s). associated with environmental liability. Hamilton, NJ 08960 Coverage is afforded for third-party bodily • Programs involving multiple premises can P: (609) 298-3516 injury, property damage, clean up costs and be tailored to address the diverse needs of F: (609) 298-6254 defense costs. A unique feature of many each property. E: [email protected] PLL policies is their ability to offer various • Can enhance the sale of property and different coverage parts under one and provide assurance to unknown Or contact your local RT Specialty policy. Such coverage parts include, but environmental liabilities in property broker or underwriter. are not limited to - transactions.

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POLLUTION LEGAL LIABILITY (cont.)

• PLL is flexible and can be tailored and Coverage enhancements such as enhanced to meet the specific needs of contingent business interruption, defense each risk. outside the limits, and first-party diminution • PLL is commonly accepted in lieu of of value are readily available for inert real environmental indemnities or can be estate portfolios, while indemnity triggers structured to supplement indemnities. are utilized to address the known pollution • PLL provides coverage for Natural conditions identified in contaminated Resource Damage (NRD) claims. property transfers.

POLICY TERM LIMITS OF LIABILITY For transactional purchases, terms vary $300,000,000 each pollution condition / between 5 and 10 years with a few carriers $300,000,000 aggregate limit of liabiity offering 10-year policies for operational (i.e., structured from various carriers from coverage, while others offer 10-year terms the pollution liability marketplace. for transactions. In regard to hospitality, habitational, and healthcare risks, most RETENTIONS markets offer a maximum term of 3 years. $10,000 minimum either as a deductible For prospective coverage, the average term or self insured retention depending on the is 3 years. carrier.

MARKET OVERVIEW PREMIUMS Coverage terms have been impacted over Premiums can begin as low as $5,000 recent years, depending on the type of risk, for a $1,000,000 each pollution condition / by a combination of high profile mold claims, $1,000,000 aggregate depending on rising legionella claims, natural disasters, the carrier. and the focus on emerging contaminants such as per- and polyfluoroalkyl substances (PFAs).

CONTACT RT SPECIALTY - HAMILTON 2465 Kuser Road Suite 202 Hamilton, NJ 08960 P: (609) 298-3516 F: (609) 298-6254 E: [email protected]

Or contact your local RT Specialty broker or underwriter. RT Environmental and Construction Professional is a part of RT Specialty. RT Specialty is a division of RSG Specialty, LLC, a Delaware limited liability company based in Illinois. RSG Specialty, LLC, is a subsidiary of Ryan Specialty Group, LLC (RSG). RT Specialty provides wholesale insurance brokerage and other services to agents and brokers. As a wholesale broker, RT Specialty does not solicit insurance from the public. Some products may only be available in certain states, and some products may only be available from surplus lines insurers. In California: RSG Specialty Insurance Services, LLC (License # 0G97516). ©2021 Ryan Specialty Group, LLC. RTSPECIALTY.COM 011821