Page 4 - AO Insurance FlipBook
P. 4
When we think of environmental insurance, we usually think of large
corporations that handle
toxic or waste materials.
But with new natural
and man-made disasters,
significant environmental
consequences are affecting
companies of all sizes
and from every industry
– construction, higher
education, hospitality,
technology, retail, life
sciences, pharmaceutical,
telecommunications,
agriculture, and more. Business owners are now questioning if they need environmental impairment liability coverage (EIL)
If an environmental spill settles on your property, you are liable regardless of whether you are responsible for the spill. It’s called passive liability.
EIL coverage provides for bodily injury, property damage, defense costs, cleanup and restoration expenses, loss of rents and business interruption. Most commercial general liability (CGL) policies have
