Environmental Site Pollution Insurance
All Canadian businesses have both a moral and legal obligation and responsibility in protecting our environment both locally and globally. Our continuously changing legislation is evidence that business owners must take their responsibility seriously, as an environmental disaster could also lead to a financial one for most companies. Thankfully ALIGNED Insurance works with many insurers who offer environmental site pollution insurance which are policies that are designed to respond to pollution and environmental damage arising from the insured’s properties and associated business activities.
Environmental Site Pollution Insurance
All Canadian businesses have both a moral and legal obligation and responsibility in protecting our environment both locally and globally. Our continuously changing
What Industries Should Consider Environmental Site Pollution Insurance
- Manufacturing
- Industrial
- Transportation
- Real Estate
- Marine
Environmental Site Pollution Insurance Coverage Features
• Typically Minimum $5,000 deductible
• Claims made trigger
• Maximum periods up to 5 years plus extended reporting
• Flexibility in site coverage choice
• Designed to respond to broad and changing environmental law
• Pollution can be of a Sudden or Gradual nature
• Third-party Claims for: Bodily Injury, Property Damage and/or Clean-up Costs
• Clean-up and Restoration Costs – (where the insured’s property is damaged responding to an incident)
• Emergency costs – (where the insured must respond to a pollution incident)
• Third-party Claims resulting from Transportation Activities: includes loading / unloading and cargo at rest for up to 48 hours
• Claims expenses covered under all sections, including investigation and legal defence
• Liability for damage to natural resources /biodiversity is provided as standard
Typical Risks That Are Eligible For Environmental Site Pollution Insurance
• Manufacturing
• Logistics
• Port terminals
• Waste
• Metal Industries
• Traditional Power Generation
• Renewable Energy
• Oil & Gas
• Real Estate / Property Investors
• Hotels & Leisure
• Marinas
• Vehicle Repair /Garage / Depots
• Airports
Typical Risks That Are Eligible For Environmental Site Pollution Insurance
Petrol/gas stations
• HVAC / Remediation /Asbestos / Mould
• Pipelines
• Oil & Gas Wells and Oil/Fuel Delivery
• Mining
• Landfills
| ALIGNED Across Canada 100% Canadian-owned, ALIGNED is a premiere insurance brokerage that serves more than 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED creates, negotiates and delivers the best business insurance and risk management strategies/solutions to organizations like yours. |
