Ironshore Inc. has introduced an environmental insurance program to help healthcare facilities manage environmental liability exposures and curtail restitution expenses. Ironshore’s Environmental Insurance division will provide coverage for a broad range of site pollution exposures, including mold, legionella, hazardous spills and waste disposal activities. Program enhancements allow for coverage of disinfection of facility-borne bacteria and viruses, evacuation expenses and nuclear, biological, chemical and radiological (NBCR) terrorism events.
Ironshore’s Environmental Healthcare program falls under the Site Pollution Incident Legal Liability Select (SPILLS) policy, developed to cover a broad definition of pollutants that present liability risk exposure for hospitals, assisted living communities, skilled nursing and hospice services, and other medical institutions.
The policy is designed to protect affected parties from liability risk and control costs in the aftermath of an occurrence.
Ironshore’s Healthcare SPILLS policy can be underwritten for limits from $1 million to $30 million, with premiums beginning at $10,000. Coverage is not site specific, and provides for first- and third- party on and off site remediation of contamination, third party bodily injury and property damage, including natural resource damages, as well as damages associated with transportation, waste disposal activities and business interruption.
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