Property owners and operators face an ongoing threat of environmental liabilities and expenses arising not only from traditional pollutants, but also from newer pollutants such as mold, legionnaires, illicit abandonment and others. Furthermore, pollution exposures don’t always stop at the property line. Waste disposal locations, products sold and off-site contracting services can all present pollution exposures. Adding to the complexity is the desire for more expensive “Green Remediation” techniques, and the need to help repair an insured’s most important asset: its reputation.
Colony Environmental’s Premises Environmental and Remediation Liability (PEARL) coverage form offers modern, flexible and industry-leading coverage for many environmental exposures faced by real estate owners, operators, property managers and tenants:
