This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

XL Group Introduces Subcontractor Excess And Difference In Conditions (DIC) Endorsement For Environmental Services And Contractor's Pollution Coverages

EXTON, Pennsylvania, June 27, 2013 /PRNewswire/ -- XL Group's North America Environmental business is offering contractors and environmental service firms another layer of pollution insurance protection through a new endorsement that provides them with Subcontractor Excess and Difference in Conditions (DIC) coverage.

"Uninsured or underinsured subcontractors can negatively impact your insured's business in the event of a pollution loss," explained Matt O'Malley, President of XL Group's Environmental business in North America. "Some businesses find it hard to believe their work activity can pose a risk to the environment.  But when a piece of their equipment springs a fuel leak or their excavation activity spreads underground contamination, they better believe that they will be held financially responsible to clean it up."

According to Matt, this new endorsement is specifically designed for general contractors, trade contractors, as well as environmental contractors and consultants.  It enhances the existing suite of XL Group's Contractor's Pollution Legal Liability and Professional and Contractor's Pollution Legal Liability Policies and adds protection for the insured against uninsured and underinsured subcontractors whose work results in a pollution condition on a job site but may not have any or enough environmental insurance to meet their clean up obligations. 

"Contractors rely on their subcontractors to perform a much-needed service but they certainly don't want to assume the cost of an environmental clean up on their behalf if adequate pollution coverage isn't part of their subcontractor's insurance program," said Matt.  "Our subcontractors excess and DIC helps contractors fill in the pollution insurance gaps that may exist or lack of pollution coverage altogether."

XL Group's policies are provided by XL Group insurance companies, Indian Harbor and Greenwich Insurance Companies.  Each XL Group policy is also delivered with dedicated environmental risk consulting and claims handling services which include consultations to help prevent pollution mishaps, assess to pre-approved remediation consultants and emergency response assistance in the event of an incident.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,131.86 +47.37 0.28%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,838.6430 +8.1730 0.17%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs