This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

XL Group Unveils Professional And Pollution Insurance Enhancement Package For Contractors And Environmental Consultants

Stocks in this article: XL

EXTON, Pa., July 17, 2013 /PRNewswire/ -- XL Group's North America Environmental business has supplemented its professional and pollution insurance protection for contractors and environmental consultants, unveiling a new package of enhancements that offers mediation credits, disaster response coverage, green building restoration costs, as well as legal expenses and litigation and subpoena expense coverage outside the limits of liability.

"We don't have to look far for examples of how a simple mistake or untimely mishap can become a catastrophic pollution event," according to Matt O'Malley, President of XL Group's Environmental business in North America.  "When it happens, it makes headline news, ties up company resources and most certainly, results in expenses that few businesses' expect or planned for.  Our new enhancement package helps our construction and environmental services clients boost their financial and disaster preparedness for the unexpected, extraneous expenses that often accompany a pollution incident."

Designed specifically to meet the needs of general contractors, trade contractors, construction managers, as well as environmental contractors and consultants, XL Group's Contractors and Consultants Policy Enhancement Package adds additional protection to XL Group's blanket and project-specific Contractor's Pollution Legal Liability and XL Group's Professional and Contractor's Pollution Legal Liability Policies.  Available package enhancements include coverage for:

  • Legal Expenses outside the Limit of Liability
  • Litigation and Subpoena Expense Outside the Limit of Liability
  • Mediation Credit
  • Disaster Response Expense
  • Green Building Restoration Costs

"These enhancements address the gaps in protection that we, our brokers and our clients have seen when responding to pollution incidents, but are missing from most available environmental coverages today," explains Matt.  "They take into account the additional expenses that a contractor can incur from a pollution incident. While these costs may seem like small expenses at first, they can add up quickly and impact a company's bottom line."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs