Having Pollution Liability Insurance Coverage can protect your company in two important ways:
1. First-party Liability Coverage can provide your company with funding if your company has a contamination or a spill that will require extensive cleanup. This action could be necessary if any chemical used in your company leaks into the ground on your property. Your first-party environmental liability policy would pay for the cleanup effort on your property.
2. Third-party Liability Coverage protects your business from allegations that a release of a pollutant from your company’s facility unfavorably affects others. If this type of pollution affects others by contaminating the land, water supply, or air supply of the public, third-party liability coverage would protect your company. To give you an example, say a refrigeration unit at a local processing plant develops an ammonia leak and then contaminates the air, and, as a result of these actions, the residents from the surrounding community are forced to evacuate, your AZ Pollution Liability policy would pay for resulting costs and any possible damages arising from lawsuits. Third-party pollution insurance coverage could also protect you if your company’s product causes pollution from an accident or spill while it’s being transported by a third party, such as by a railroad or by a truck.
There is a large range of businesses that can benefit from an Arizona Pollution and Environmental Liability Insurance Policy, including such entities as agribusinesses, developers, commercial property owners, and even amusement parks. Here is a small list of other industries that should strongly consider an Arizona Pollution Insurance Policy:
- Manufacturing and processing companies
- Healthcare facilities, especially hospitals
- Country Clubs
- Retirement Communities
- Golf Courses with storage tanks
- General Contractors
- Underground Contractors
- Waste Disposal and Recycling Facilities
- Businesses with aboveground or underground storage tanks