{"id":1665,"date":"2022-08-25T22:30:00","date_gmt":"2022-08-25T22:30:00","guid":{"rendered":"https:\/\/teague.local\/?p=1665"},"modified":"2022-07-17T22:32:00","modified_gmt":"2022-07-17T22:32:00","slug":"what-is-environmental-liability-insurance-2","status":"publish","type":"post","link":"https:\/\/www.teagueins.com\/2022\/08\/25\/what-is-environmental-liability-insurance-2\/","title":{"rendered":"What is Environmental Liability Insurance?"},"content":{"rendered":"\n

Standard business general liability (GL) policies provide little coverage for pollution damage, including toxic spills like the one in West Virginia in 2014. Today most companies that store or handle potentially toxic materials purchase a separate environmental liability policy. These policies cover the exposure that the GL policy excludes.<\/h3>\n\n\n\n

Property owners purchase environmental impairment liability insurance. It covers property loss and liability arising from pollution-related damages for sites that have been inspected and found uncontaminated. It is usually written on a claims-made basis so policies pay only claims presented during the term of the policy or within a specified period after the policy expires. It limits liability insurers\u2019 exposure to unknown future liabilities.

In general, coverage includes statutory clean-up requirements and bodily injury and property damage third-party claims and legal expenses resulting from pollution or contamination incidents. The coverage kicks in both for incidents that are \u201csudden and accidental\u201d and \u201cgradual.\u201d Coverage also exists for business interruption losses.

Several other types of environmental liability insurance exist:<\/p>\n\n\n\n