Navigators Environmental Division Launches New Contractor Pollution Liability Policy Form

NEW YORK, NY, Aug. 20, 2013 (GLOBE NEWSWIRE) -- The Navigators Group, Inc. (NASDAQ:NAVG) today announced thatits principal underwriting agency subsidiary, Navigators ManagementCompany, Inc., has released a new enhanced EnvironmentalContractor's Pollution Liability "Toolkit II" policy form. This newpolicy is designed to provide state-of-the-art coverage fromliabilities for pollution incidents to a wide variety of generalservice, specialty and trade contractors.

"There is a growing demand for intelligent risk transfersolutions for increasingly complex environmental exposures andregulations faced by contractors," said Brad Kuchinic, Senior VicePresident and Practice Leader for Navigators Environmental. "Tomeet this demand and better serve our clients, we recognize theneed for our policies to adapt and evolve to these emergingliabilities." 

Greg Heidemann, Vice President of Navigators Environmentaladded, "We are thrilled with this new policy's broad singleinsuring agreement approach, which helps to reduce coverage gapsand provide comprehensive protection for the different stages of acontractor's business, whether it is at a jobsite, during transit,or waste disposal."   

 Key policy coverage features include:
  • Limits available up to $15 million
  • Single, broad, all-encompassing Insuring Agreement for "YourWork" which includes contracting, transportation, and wastedisposal on an occurrence trigger
  • Coverage offered on a practice or project specific basis
  • Defense costs outside the limits and not subject to adeductible
  • Broad definition of "pollutants/pollution incidents" to includesilt and sedimentation, fungus, midnight dumping, EMFs, low-levelradioactive matter, and wrongful delivery
  • Worldwide coverage territory
  • No professional liability exclusion and givebacks to manystandard policy exclusions
  • Sudden and accidental coverage at the contractor's ownedpremises
  • Protection for Environmental Crisis Management and EmergencyResponse Costs
  • Restoration costs expanded to include betterments entailing theuse of materials meeting green standards

Navigators Environmental offers a full range of environmentalliability insurance products. For more information about ourproducts and services, please visit our website at www.navg.com.

The Navigators Group, Inc. is an international specialtyinsurance holding company with insurance company operations,underwriting management companies, and operations at Lloyd's.Headquartered in New York, Navigators has offices in majorinsurance centers in the United States, the UnitedKingdom and Continental Europe.

This press release may contain "forward-looking statements" asdefined in the Private Securities Litigation Reform Act of 1995.Whenever used in this release, the words "estimate," "expect,""believe," "may," "will," "intend," "continue" or similarexpressions are intended to identify such forward-lookingstatements. We cannot assure that results that we anticipate willbe achieved, since results may differ materially because of knownand unknown risks and uncertainties that we face. Please refer toNavigators' most recent Forms 10-K and 10-Q and its other filingswith the Securities and Exchange Commission for a description ofNavigators' business and the important factors that may affect thatbusiness. Navigators undertakes no obligation to publicly update orrevise any forward-looking statement.

CONTACT: Taha Ebrahimi         (212) 613-4288         tebrahimi@navg.com                  www.navg.com

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