Commercial Lines

A prospect has a pollution policy in place but doesn’t know if it’s necessary. Its current general liability policy excludes products-completed operations coverage.

While cleaning a water tank, a contractor accidentally left the water outlet open. Sandblast media entered the city water supply and contaminated products in a cheese manufacturing facility.

The first-ever national, legally enforceable drinking water standard for the presence of “forever chemicals” will bring increased environmental liability claims and coverage exclusions to commercial insurance.

PFAS can be found in items from firefighting foam to food packaging, which means agents should be taking a hard look at all their commercial insureds for potential PFAS exposure.

While certain industries, such as health care, manufacturing and chemical industries, have the biggest environmental risk factors, every commercial insured has some form of a pollution exposure.

As natural disasters become more frequent and more costly, insurance carriers are experiencing an increase in the frequency and severity of environmental claims.

Vantage Risk has extended its contractors pollution liability and professional liability offerings to environmental contractors and consultants.

Trends that are likely to grow or emerge for environmental or pollution insurance policies throughout the rest of 2023.

With the Environmental Protection Agency recently adding some variants of PFAS to its hazardous substance list, insureds have potential exposure for cleaning and reporting releases.

Environmental exposures are becoming harder to ignore and many commercial policies are excluding exposures to specific contaminants.