- Underground & Aboveground Storage Tank Insurance – Patterson & Associates Insurance offers insurance coverage for both underground and aboveground storage tanks. Numerous companies maintain on-site storage tanks to enhance their operational agility. However, these tanks pose substantial environmental risks for businesses. Often, companies overlook the potential hazards arising from pollutants generated by their operations. Consequently, they face first-party clean-up liabilities and third-party liability risks, including regulatory scrutiny and hefty fines. Recognizing these risks and grasping the nuances of pollution insurance coverage is essential for businesses exposed to environmental hazards.
- Premises Pollution Insurance – Irrespective of their scale or industry, businesses confront novel and often overlooked environmental hazards stemming from routine transactions. Moreover, business activities are subject to ever-changing environmental statutes and regulations, making it challenging to stay abreast of the Environmental Defense Agency’s (EDA) evolving mandates. Even environmentally conscious enterprises might not fully grasp the breadth of risks inherent in their daily operations or whether these environmental exposures fall within the scope of coverage provided by a standard general liability policy. Standard General liability policies typically include a standard exclusion clause for pollution-related risks. Whether your company is concerned about clean-up obligations or third-party liability coverage, it’s imperative to collaborate with an agency and underwriters capable of addressing your business’s pollution insurance requirements. Patterson & Associates Insurance is here to help you navigate this exposure.
Contractors Pollution Liability Insurance – With the construction industry booming, contractors encounter a myriad of risks, notably pollution exposures originating from diverse sources and of varying magnitudes. Unfortunately, many contractors fail to factor in pollution risk, leaving them vulnerable to potential incidents or losses that could severely impact their operations, financial standing, and reputation.
Moreover, pollution insurance coverage presents a complex landscape. These policies are customarily drafted on manuscript forms, underscoring the significance of thorough discussions regarding specific details and coverages to ensure alignment with your company’s exposure levels. Patterson & Associates Insurance Agency, Inc. works with many Contractors Pollution Liability (CPL) policies which offer solutions tailored for contractors. This insurance offering serves to mitigate coverage gaps arising from pollution-related exclusions present in standard commercial general liability programs. Patterson & Associates Insurance Agency, Inc. policies cater to contractors, offering options on practice, project-specific or excess basis. Customization is paramount, and we offer experience in placing this coverage.