Environmental impairment liability, also known as pollution legal liability, helps protect property owners/operators, buyers, sellers, and developers from liability associated with both known and unknown pollution incidents at an insured location. The program can be structured to help the insured deal with uncertainties associated with potential environmental issues.

Coverage Options

  • Helps secure environmental liability for property owners, operators or lessees
  • Used to facilitate merger/acquisition deal closure or financing associated with impaired properties and difficult to close transactions
  • Can be offered on portfolios or a single property
  • Can cover pre-existing and new pollution conditions
  • Multi-year claims made

Key Features

  • Coverage for unknown, historic, and operational pollution releases
  • On & off-site clean-up of soil/groundwater
  • Coverage for third-party bodily injury and third-party property damage
  • First and third-party clean up
  • Indoor air quality/mold & legionella
  • Emergency expense coverage
  • Business interruption and contingent business interruption
  • Transportation pollution liability
  • Non-owned disposal site liability
  • Third-party claims for asbestos and lead based paint
  • First-party diminution of value (DIV)
  • Aboveground and/or underground storage tank coverage
  • Can be written on multi-year basis in order to provide long term protections for the insured

Target Classes

  • Real estate funds
  • Real estate investment trusts (REITs)
  • Mergers & acquisitions
  • Private equity
  • Commercial real estate
  • Residential real estate
  • Adaptive reuse & brownfields
  • Institutional (educational, hospital, municipal)
  • Industrial (manufacturing & distribution)
  • Redevelopment projects
  • Waste disposal & recycling facilities
  • Agricultural facilities
  • Energy facilities