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
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."
Litigation and Subpoena Expense Outside the Limit of Liability
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."