The PRIME POLLUTION LIAIBLITY Coverage Form is the foundation for Ascot Environmental’s Insurance Product Suite. The coverage form provides broad environmental insurance for fixed sites facility.
• Capacity: $25,000,000
• Minimum Premium: $10,000
• Minimum Deductible: $10,000
Highlights
• Blanket Covered Locations – No scheduling required for locations owned or operated prior to policy inception
• Defense expense is outside the limit of insurance and deductible
• Pre-Existing Bodily Injury, Property Damage and Environmental Damage included with no Retro Date
• Covered Location definition includes NODS and Divested Locations
• Newly Acquired Locations afforded automatic coverage on a Time-Element basis for up to 180 days
• Occurrence Coverage Trigger for Pollution Events arising from Transportation and Contracting Operations (if Scheduled)
• Business Income and Extra Expense arising out of a covered Pollution Event included up to Policy Limits (72 Hour Waiting period for BI, No waiting period for EE)
• Blanket Contractual Liability if required by written contract
• Blanket Waiver of Subrogation if in writing and prior to a loss
• Broad Form Named Insured for majority owned subsidiaries and newly acquired entities
• Worldwide Coverage Territory for Non-Owned locations, Transportation, CPL and Scheduled Foreign Locations
• Blanket Additional Insured provided on a primary and non-contributory basis (if in writing)
• Underground Storage Tanks can be scheduled to meet Financial Assurance Requirements
• Emergency Costs (for up to 10 days) and Crisis Management Costs (for up to 6 months) included at full policy limits on a no fault basis
Target Classifications:
• Manufacturing and Industrial Operations
• Warehousing and Distribution Operations
• Commercial Real Estate
• Property Transactions (Single Location and M&A)
• Greenfield and Brownfield Redevelopment
• Municipalities
• Gas Station Portfolios
• Higher Education
• Port Operations