For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!
A pollution legal liability insurance policy (PLL) is one of the best ways for your company to combat the growing challenges of pollution liability in the current landscape, especially if it’s involved with waste hauling activities or waste treatment activities. Air pollution alone can be linked to seven million premature deaths yearly.
Going further, air pollution has contributed to 12% of deaths yearly. Human exposure to pollution is one of the most contributing factors to disease. It’s estimated that more than 9 million premature deaths occur yearly when accounting for all forms of pollution.
It’s troublesome if you own a business that handles hazardous waste such as a water treatment plant or a garbage collection business. If your company is found to be liable for the pollution, you may have to suffer the costs of third-party injury or property damage. This article will examine the details around common queries and comparisons surrounding PLL insurance, including:
Definition of pollution legal liability insurance
Pollution legal liability vs contractor’s pollution insurance
Target business lines for PLL insurance
Why you need pollution legal liability insurance
Pollution legal liability policy is a type of insurance that grants protection against claims when business operations result in accidental chemical spills, chemical discharge, debris exposure, and environmental risks.. Many policies also cover cleanup costs from pollution spills on work sites or facilities.
PLL insurance policy covers environmental risk for owners, operators, and developers in virtually every industry. It covers those that own, lease, acquire, or divest real estate where hazardous storage, generators, or materials are used. PLL environmental insurance terms vary between five and ten years for operational coverage, while the coverage for healthcare risks generally has an average term of three years.
Pollution legal liability insurance is separate from another type of similar insurance called contractors' pollution liability insurance (CPL). The differences in Contractors' pollution liability insurance include things like:
Contractors need extra coverage from general liability policies, leading to them needing their own separate coverage to cover the liability.
CPL covers pollution conditions resulting directly from contractors' work and work performed by subcontractors
Chemical spills at job sites
Transporting hazardous materials
Collision in transit of transportation
Inappropriate disposal of hazardous material
Pll insurance covers various costs from pollution events or conditions that occur from a covered location. It covers liability for things like:
Indoor air quality
Fire
Chemical spills
Onsite hazardous materials
Third-party injury or illness
Property damage
Cleanup costs
The target business lines for pollution legal liability coverage are those in every industry. Some examples include:
Manufacturing facilities
Power plants
Construction companies
HotelsÂ
FarmsÂ
Mining
You will want pll insurance if you need protection from cleanup costs and tort liability from any pollution on the site of your business. The coverage extends to any current operations or operations that occurred before or after you started doing business.
It is a good idea to purchase a pollution legal liability insurance policy because it gives you extra protection that general liability policies may not cover. The coverage limits for pollution legal liability are typically much higher and more inclusive.
A situation where you might use pollution liability is if an industrial machine malfunction, causing excessive air or water pollution. If the air or water quality is greatly affected, it might cause sickness in others and need to be cleaned. Pll coverage would really save you by helping cover costs from things like medical bills from those affected, as well as cleanup costs.
