Property Owners have become increasingly aware of the need for protection
for their exposure created by limits, or total exclusions, on their
standard Property Liability policies in regard to the release of environmental
pollutants. To address this need, Legends Insurance offers owners the
Site Liability Environmental Exposures Policy (SLEEP).
The SLEEP program basically offers the property
owner coverage for on-site cleanup when a pollutant is released,
plus cleanup of adjacent sites, provided that these adjacent
sites received their pollution as a result of migration from
the insured's property. The program also offers third party
bodily injure and property damage, plus legal defense cost
to the property owner.
Coverage Highlights:
This policy allows for different combinations
of specific coverage's:
Coverage A: provides on-site clean-up for
a pollution incident that originated from either the insured
sites or adjacent sites during the policy period. A $10,000
sub-limit for cleanup of damage caused by leaky underground
storage tanks, is included, plus additional tank coverage
is available at discounted standard rates.
Coverage B: is for off-site cleanup cost
caused by a pollution incident from current site operations
that migrates from an insured location to adjacent sites.
Coverage C: is for third party bodily injury
and property damage (including Cov. B) and defense cost.
Coverage's D, E and
F: These three coverage's
are directly, and respectively, related to A, B and C above
and they cover historical pollution incidents that was not
know at the inception of the policy. The A, B and C coverage's
would naturally be a prerequisite for these three coverage's
and an inspection would normally be required. Give us a call
to talk about inspection cost.
Key Points of Property Owner's Coverage:
• Coverage is flexible and easy to
adapt to a wide variety of possible exposures
• A simplified application
• Quick response on your request for quote
• Very competitive premiums
Contact us today to get your quote! |
