Chase

Environmental Risks

Environmental insurance

Responsible ESG (Environment, Social and Governance) policy is now an expectation of government, business, shareholders and the public, as awareness of the impact of human activity and policies on society and the environment comes into increased focus.

Why Chase Environmental Risks?

Environmental Impairment Liability (EIL) insurance is one mechanism available to businesses to protect them against the potentially devastating environmental and financial impact associated with a pollution incident.
Although some general liability insurance policies may cover certain ‘sudden & accidental’ pollution events, a specialised EIL policy will provide significantly greater protection, responding to a broader range of accidental and gradual events.

In recent times, there has been a greater focus by state and federal regulatory authorities on the enforcement of responsibilities, regulations and penalties associated with pollution events affecting both large and small to medium enterprises. This heightened focus includes the imposition of obligations and contractual indemnities for contamination risks, as well as the need to procure specialised EIL insurance for known, contingent or even relatively benign risks.

Broad policy coverage backed by an experienced underwriting team. At the time of crisis, brokers and their insureds will have comfort knowing that they have access to expert advice, and insurance protection which will respond to the liabilities and expenses of pollution events.

Knowledge of industry and broad environmental underwriting experience

Chase understands the intricacies of pollution risk. Our team are environmental specialists and have a broad depth of experience in providing solutions for some of the more challenging industries and risks.

Quick response times

Fast turnaround times, including indications of premiums, our appetite and capacity, with decisions by local underwriters.

Capacity

Up to $25 million per risk
Minimum Premiums - $1,000+

Target sectors

Manufacturers
Property owners
Chemical industries
Construction/civil contractors
Ports/marinas
Warehouse/storage/transportation
Waste management/recycling

Two environmental solutions

Chase has developed two EIL products for clients responding to the diverse risks of both small to medium enterprises and large national operations. Coverage and limits are available for wide ranging pollution incidents.

Fixed Site/Operational (Claims Made form only) - EIL coverage for owners and/or lessors of Property for risks that manufacture, store, transport or handle any goods or products - no matter if they are small or large commercial quantities or are hazardous/dangerous materials, chemicals, or waste. Examples of such businesses could be importing/ exporting businesses with warehouses, food manufacturers, transporter of goods or even an owner of an office building or vacant land.

Contractors Pollution Liability (Claims Made or Occurrence forms) - coverage for contractors/ construction companies operating on third party locations. Examples of such businesses could be mechanical services installers, environmental consultants and others in this field. We can also consider cover for single project risks.