What type of business is it good for?

Designed for owners, developers or responsible parties seeking balance sheet protection for environmental clean-up activities

Richard Zarandona
Executive Vice President
Insurance
New York, NY
rich.zarandona@axiscapital.comrich.zarandona@axiscapital.com
Tel +1-908-508-4324Tel +1-908-508-4324

Solution

AXIS Pollution Legal Liability

Insurance

Solution

AXIS Remediation Management Liability

Insurance

  • Coverage provides named insured with balance sheet protection for environmental clean-up activities
  • Supports additional work discovered during execution of the remediation
  • Protects named insured from professional negligence of their consultants and contractors
  • First-party remediation expense – the policy will indemnify the named insured for remediation expenses in excess of the remediation expense forecast, subject to the applicable co-insurance participation and self-insured retention
  • Policy includes coverage for remediation of known pollutants and also newly identified pollutants
  • Protective professional indemnity – contingent coverage that indemnifies the named insured for damages arising out of wrongful acts by the named insured's consultants, contractors or remediation design professionals
  • Defense costs for third-party claims arising out of wrongful acts by the named insured's consultants, contractors or remediation design professional

AXIS REMEDIATION MANAGEMENT INSURANCE 1

AXIS REMEDIATION MANAGEMENT INSURANCE 2

  • Companion pollution legal liability may be available where remediation insurance is purchased
  • Merger and acquisition activity
  • Commercial real estate ownership, property management 
  • Lending institutions and portfolio management
  • Manufacturing and industrial facilities
  • Pharmaceuticals and chemicals
  • Food processing and packaging facilities
  • Transportation facilities
  • Building operators (commercial)
  • Commercial warehousing
  • Storage and distribution facilities
  • Municipalities and other public entities
  • Hospitals and other medical facilities

Documents

AXIS Remediation Management Insurance Appetite Guide