Insurance products to address pollution and environmental risks have been evolving since the mid-1980s to the point where issues such as climate change and global warning now dominate economic, legal, and social agendas. On the insurance front, most Commercial General Liability policies have long carried some form of pollution exclusion that falls short of many client’s needs. Typical coverage granted under this policy is usually quite limited to ‘Sudden and Accidental’ events restricted to a specific detection and reporting period and excludes the insured’s own site remediation costs.
Dedicated policies now exist to cover a host of exposures across a broad range of industries and occupations. These are often referred to as Pollution Legal Liability or Environmental Impairment Liability (EIL) policies and usually include an element of first party clean-up costs as well as third party bodily injury and property damage coverage. Coverage can be granted for sudden and accidental, and gradual pollution events. This type of policy is important to property owners and manufacturing risks. Contractors Pollution Liability (CPL) coverage is tailored to the unique needs and exposures faced by those engaged in everything from general contracting to tank servicing to contaminated soil remediation.
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