ENVIRONMENTAL IMPAIRMENT LIABILITY INSURANCE
ENVIRONMENTAL IMPAIRMENT LIABILITY INSURANCE (EIL)
(We offer both Gradual and Sudden & Accidental coverage triggers)
- 1st and 3rd Party coverage available
- SUM Form EIL 04 2011 provides:
- On-site coverages:
- Bodily Injury for new conditions, and/or pre-existing conditions not known to an officer, director, or employee of a named insured responsible for environmental affairs per policy form;
- Clean-up and property damage afforded via endorsement for new conditions, and/or pre-existing conditions not known to an officer, director, or employee of a named insured responsible for environmental affairs.
- Off-site coverages:
- Bodily Injury / property damage and clean-up for new conditions per policy form and/or for pre-existing conditions not known to an officer, director, or employee of a named insured responsible for environmental affairs.
POLLUTION INCIDENT LIABILITY INSURANCE (P.I.L.)
(Sudden& Accidental, aboveground coverage)
- 1st and 3rd Party coverage available
- SUM Form S&A 04 2011 (Subject to 240-hour discovery and 240-hour reporting requirements) provides:
- On-site coverages:
- Bodily Injury only for new conditions per policy form;
- Clean-up and property damage afforded via endorsement for new conditions
- Off-site coverages:
- Bodily Injury / property damage and clean-up for new conditions per policy form
EIL AND PIL COVERAGE PARTICULARS
- Limits of Liability: up to $10MM/$10MM inclusive of defence costs (except for in Quebec)
- Self-insured retentions: from $5,000 applicable to expenses (except for in Quebec)
- Annual policy terms (plus odd amounts not to exceed 18 months), longer terms available for Project Specific coverage (see below)
- Retro Active Dates:- we take a flexible approach to the application of retro-active dates
- Coverage Territory: Canadian - domiciled policies only, with the exception of cross-border transport or sales. Foreign exposures can be considered on an open market basis.
GENERAL APPETITE
Our facility is designed to meet the vast majority of your environmental placement needs. This is supplemented by our access to open markets to efficiently solve those risks and coverage forms that may fall outside of our in-house program. We invite you to give us a try - we aim to be your first and last stop for environmental advice and coverage. We wish to entertain all of your environmental business, including but not limited to:
PROJECT SPECIFIC
- Project specific policies from general contracting and construction to remediation projects.
- Special extensions include up to a 24 month Term of construction plus 24 months completed ops extensions, available on either our Gradual or Sudden & Accidental coverage forms
- Products/completed operations pollution extension
- Minimum premiums - $3,500 EIL form (Gradual) $2,500 PIL form (S&A)
- Minimum SIR $5,000
CONTRACTORS POLLUTION
- Policies are claims-made in support of a wide variety of contracting activity
- Minimum premiums - $5,000 EIL form (Gradual) $3,500 PIL form (S&A)/li>
- Minimum SIR $5,000
SITE SPECIFIC
Our program focuses on non-legacy, light hazard, fixed site exposures. We generally avoid known contamination conditions. SUM offers both our Gradual and our Sudden & Accidental coverage forms for on-site as well as offsite exposure. On-Site clean up sub-limits are available on either coverage form as well (these limits are included within the policy aggregates). We can offer coverage for Tank exposures (both AGT and UST) subject to our tank underwriting guidelines (please see below). There are relaxed survey requirements for smaller risks, but generally fixed site exposures are subject to inspection.
- Minimum premiums - $3,500 EIL form (Gradual) $2,500 S&A Form (S&A)
- Minimum SIR $2,500
NON SITE SPECIFIC/NON CONTRACTING
- Relates to transport, consulting, brokering, municipal, regulatory, and institutional exposures among others, with an emphasis on the transportation segment.
- Minimum premiums - $3,500 EIL form (Gradual) $2,500 PIL form (S&A)
- Minimum SIR $2,500