The program grew out of an early 1990's lead abatement program sponsored for
HUD grantees by the Highpoint Housing Authority in North Carolina. It provided
the pollutant specific coverage, as opposed to full pollution, for the
contractors and the unit owners for abatement being done with a HUD grant.
Since the inception of the program in 1991,
abatement coverage has become freely available and virtually
all licensed abatement contractors have a policy form that
includes broad spectrum pollution coverage (that is, not
limited to a specific pollutant). Yet federal guidelines
have not changed which recommends that grantees purchase
the insurance. In fact grantees are allowed to report the
cost in the grant. The main reason for this is the grantee
is insured , along with the unit owner (if different from
the grantee), and the contractor.
There is a modified contractor’s pollution liability
policy. It provides occurrence coverage to give completed
operations for up to one year after the policy expires
on jobs completed during the policy period. The policy
may be written on a stand alone pollution policy or it
may include General Liability. Only named pollutants are
covered. (i.e.: Lead, Asbestos, PCB's etc.). Defense cost
is outside the limit.
The policy is written to run concurrent with the grant, and therefore is usually
multiple years, but the aggregate limit is for the policy term, not an annual
aggregate per ISO language are available, for an additional charge of 10%.
It is common to have the policy period to read: from x/x/00 - x/x/00, or until
100 units are abated under Grant number XXXX, which ever occurs first.
CIG has appointed Legends Environmental Insurance Services, LLC as the exclusive
broker for the program. Bill Lohman has been involved with placing Environmental
Insurance Coverage's since 1986 and has a national reputation in the Environmental
Marketplace, contact him today for more information.
Contact Us today to get your quote!