Different industries have different environmental exposures and risks. Some business operations have heightened environmental exposures from their air emissions, oil or chemical spills, waste management or water discharge from cleaning or cooling operations. In addition to paying for costs related to evaluating the extent of cleaning up environmental damage, businesses also face new liabilities to compensate society for the damage done and reimburse it for “loss of use” until the environment is restored. These are complex areas where financial implications have yet to be quantified by actual judgments.
AIG Environmental Liability Solutions
What is covered?
Sudden and gradual pollution conditions
On and off-site clean-up costs for pre-existing and/or new conditions
Third-party bodily injury and property damage
First-party business interruption expenses related to a pollution condition
Legal costs including investigations, defense costs, settlements and legal proceedings arising from pollution or environmental damage
Pollution releases caused by the transportation
Who is it for?
Manufacturing
Hospitality and leisure
Technology and professional services
Energy: Power generation and utilities & renewable and alternative energy
What is covered?
Sudden and gradual pollution conditions
On and off-site clean-up costs for pre-existing and/or new conditions
Third-party bodily injury and property damage
First-party business interruption expenses related to a pollution condition
Legal costs including investigations, defense costs, settlements and legal proceedings arising from pollution or environmental damage
Pollution releases caused by the transportation
Who is it for?
Service Providers: All construction and commercial service contractors (contractors of all revenue size)
