Property Quick Links: Property Managers / Site Pollution Convience Stores In today's insurance marketplace, Gas Station and Convenience Store Owners often have troublegetting quotes for insurance that will include general liability exposures as well as environmental exposures. These quotes will just take longer to acquire, as they must come from different sources. |
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Eidyia Insurance Services is a national broker for this new Convenience Store Program that coincides along with our UST insurance program. Our online quoting process results in quick turnarounds. Do You Write Convenience Store Business?If so, Eidyia Insurance Services has a great insurance program for Brokers and Agents that includes both the Convenience Store Liability Package combined with Monoline Underground Storage Tank Insurance (UST). |
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| Property Managers 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, Eidyia Solutions 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 Return to the Top of the Page |
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Site Pollution (EIL) Site Pollution Liability insurance, also known as Premises Pollution, Environmental Impairment Liability (EIL insurance), and Pollution Legal Liability (PLL), is designed to cover claims arising from pollution releases at, on, or emanating from a specific scheduled location. A “location” can be as broad as an entire piece of property or as narrow as a specified storage tank. How does Site Pollution Insurance work? Coverage is triggered either by a claim for damages from a third party, or by the discovery of contamination above “Action Levels” on the insured’s premises. “Action Levels” are a very important concept to understand. These levels are set in every community on a Federal, State, or local level. They represent the allowable concentration of any contaminant for the area in which the contaminant is discovered. Coverage can be constructed to apply to only On Site Bodily Injury, Property Damage, and Clean Up, or only Offsite, or both. Policies clean up pollutants to the acceptable level dictated by the governing authority. In other words, if you have pristine land on which you spill diesel fuel, you will end up with whatever the allowable level of diesel fuel is by the governing authority. Coverage can be modified to cover only new conditions occurring from policy inception onward, or unknown pre-existing conditions, or both. Coverage is very flexible and is almost always Claims Made. Optional Coverage Enhancements: Mold, Fungus, and Legionella coverage. Non-owned disposal site coverage. Illicit abandonment. Transportation Pollution Liability coverage. Can be packaged with Who buys it? Property Owners, Operators, and Managers. Industrial facilities, including recyclers, storage sites, landfills, warehouses, manufacturers, etc. Any purchasers Cost and Limits: Stand alone environmental impairment liability insurance currently costs as little as $3,000. Deductibles start at $2,500. Limits are available from $500,000/$500,000 to $25,000,000. Return to the Top of the Page |
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