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:
Coverage Amounts
Coverages available
- Pre-existing pollution conditions – bodily injury, property damage and on/offsite cleanup
- New pollution conditions – bodily injury, property damage and on/offsite cleanup
- Reputation management and business continuity expenses
- Non-owned disposal site liability
- Transportation pollution liability
- Contracting services pollution liability
- Products pollution liability
Highlights
- Contemporary, industry leading coverage, broad appetite
- Clean, flexible single policy format, fewer endorsements, built-in enhancements
- Green remediation expenses and green building standards
- Restoration expenses
- Emergency expenses
- Products pollution coverage
- Reputation management and business continuity expenses
Appetite & Availability
Targeted classes
Owners, operators and tenants of:
- Industrial manufacturing, wholesale distribution
- Commercial office, retail, light industrial, and warehouses
- Municipalities, higher education facilities
- Environmental facilities, waste treatment/disposal facilities, recycling
Additional Information
Premises Environmental and Remediation Liability Insurance Application
