Chase launches a new Environmental Binder offering expanded capabilities for medium to large EIL risks
Our Environmental Risks team has over 10 years' experience underwriting this fast growing line of business. Driven by the increasing awareness of society and industry impacts on the environment, more stringent and complex environmental regulation has given rise to businesses' increased focus on insurance protection for costs and liabilities in connection with environmental exposures.
Our products are designed to assist with pollution liability incidents, complement a large number of the Complex Risks target portfolio and can provide greater certainty in mitigating the gaps or exclusions of traditional policies.
Our appetite - target industries
Chase has a broad appetite for clients large or small and the Fixed Site and Contractors Pollution policies are available for locations Australia wide.
Target clients (with the ability to write most risks):
- Property portfolios & REITs – including Commercial and Industrial and Residential (including Hotels/Resorts)
- Mergers & Acquisitions – Share or Asset Sales & Purchases (single site or portfolios)
- Manufacturers – Light to Heavy manufacturing including Food & Chemical Manufacturers
- Agricultural sector including farming and forestry
- Ports and Marinas
- Utilities including Water, Gas, Solar and Electricity
- Waste Companies including Landfills, Recycling and Waste Collection
- Tank Farms & Fuel Stations (coverage for Above & Below Ground Tanks)
- Construction & Contractors (either Annual policies or Projects)
Coverage and capacity
Flexible Solutions
- Underwriting experience both locally and globally means there are not many industries where we haven’t provided a solution.
Key Coverage
- The following coverage is provided (in most cases and subject to underwriting information) can including a broad definition of Pollution:
- Asbestos & Lead Paint
- Mould
- PFAS (“forever chemicals”)
- Batteries (including Lithium)
Other Coverage
- Underground Fuel Storage Tanks
- Illegal Dumping (by Third Parties)
- Fire water (polluted run off during a fire)
- Natural Resource Damage to the unowned environment (flora/fauna, lakes, World Heritage Sites etc)
- Intentional Acts from Employees
Solid capacity (One of Lloyds largest Syndicates)
- Up to A$25,000,000 (with ability to provide more, if required)
Claims
- We have an experienced claims team with global expertise and local legal relationships.
Severe Weather, Regulation, Social Media/Awareness are all increasing as is the risk of pollution – either to your clients' sites, adjoining or downstream private or public property.
Please download our Environmental Risks brochure or contact our Environmental Risks team for a quote or enquiry.
Chase Environmental Risks