Insurer Offers Premises Pollution Liability and Other Coverages Through an Expanded Distribution Network
PHILADELPHIA, April 25, 2016 /PRNewswire/ -- Chubb has broadened the availability of its premises pollution liability and other environmental insurance coverages and risk management solutions through its newly expanded distribution network.
"As other insurers exit core lines of pollution liability coverage, Chubb remains committed to being a full service provider of environmental insurance for businesses of all sizes," said Craig Richardson, Executive Vice President, Chubb Environmental. "Market conditions, specific industry risks, and changing Environmental Protection Agency and state regulations have created a wide range of environmental exposures for businesses. Chubb works with companies to create environmental risk management strategies as well as provide a broad range of global environmental coverages, from traditional policies for simple operational exposures to custom programs designed specifically for complex liability relief or M&A transactions."
Chubb's Environmental products distribution network has grown from nine to 48 branch offices. A broadened array of products and capabilities are now available for small, mid-sized, and large domestic and multinational companies, including:
- Premises Pollution Liability Products – Protection for a variety of residential, commercial, retail, and industrial environmental risks. Industry-specific coverages for Real Estate, Healthcare, Public and Educational Entities, and Agriculture are available.
- Contractors Pollution Liability Products – Stand-alone pollution or packaged pollution policies for practice or project-specific (i.e., Owner Controlled Insurance Program, Contractor Controlled Insurance Program, and Healthcare) environmental liabilities associated with day-to-day construction, remediation and/or consulting services. Packaged pollution includes errors and omissions liability protection.
- Underground and Aboveground Tank Coverage – TankSafe®, Chubb's fully-automated Internet-based system, provides commercial underground and aboveground storage tank insurance.
- Environmental Incident ALERTSM – All new Chubb environmental policies receive access to this complimentary logistical environmental response program that offers 24/7 immediate support for environmental releases of hazardous materials and other regulated substances.
Environmental policy customers also will have access to a global network of best-in-class engineering consultants, including environmental risk control experts from ESIS, Inc. ®
All products may not be available in all states. Surplus lines products are available only through licensed surplus lines producers. Coverage is subject to the language of the policies as issued.
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: new.chubb.com.