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Home> Products & Services> Environmental Products> PPL Port (Premises Pollution Liability Portfolio Insurance Policy)

 
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Environmental Products : PPL Port (Premises Pollution Liability Portfolio Insurance Policy)

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    Product Description
    • PRODUCT OVERVIEW:
      • The Premises Pollution Liability Portfolio Insurance Policy (PPL Port) is a program offering pollution coverage for owners, operators and managers of commercial property including habitational, commercial, hospitality and real estate portfolios.
      • The PPL Port combines traditional new and pre-existing pollution coverage with built-in coverage options for non-owned disposal sites, contingent transportation, fungi and off-site operational pollution liability.
    • PRODUCT DESCRIPTION:
      • Claims-made Premises Pollution Liability Portfolio coverage form
      • Off-site Operational Pollution Liability coverage on a claims-made basis with the ability to match existing retroactive coverage
      • Non-owned disposal, contingent transportation, and fungal coverage offered within the policy form
      • Optional Business Interruption coverage offered by endorsement
      • Unscheduled locations
      • Automatic Acquisition and divestiture coverage
      • Illicit Abandonment coverage
      • Non-Auditable Policy
      • One, two, three and five-year policy term options
      • Initial launch on non-admitted paper
    Minimums
    • Minimum Policy SIR: $25,000
    • Minimum Premium: $10,000
    Limits
    • $1M/$1M up to $25M/$25M inclusive of defense
    Typical Client Profile
    • Commercial risks
    • Medical
    • Hospitality and office
    • Multi-tenant residential
    • Recreational
    • Educational
    • Light industrial and warehouse
    • Self-storage
    Restricted Classes or Industries
    • Waste treatment, recycling, storage and disposal
    • Heavy industrial and manufacturing
    • Chemical and petrochemical manufacturing and distribution
    • Oil & gas operations
    • Agriculture
    Key Competitive Advantages
    • Underwriting of account's environmental management program and due diligence process as opposed to underwriting each location
    • Elimination of potential coverage gaps with one policy with multiple-coverage approach
    • Coverage for premises, operations, completed operations, Bodily Injury/Property Damage from pollution conditions, pollution clean-up - all under one policy
    • Unscheduled locations
    • Fungal coverage offered on a presence basis
    • Automatic acquisition and divestiture coverage
    • Experienced and responsive underwriting staff with a strong depth of expertise in environmental coverage
    • Dedicated claim and risk control services


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