Beazley Launches Fixed Site Environmental Cleanup Coverage

August 25, 2010

Beazley Group has added coverage for fixed site environmental exposures to its growing range of environmental products. Beazley ECLIPSE is an environmental liability and cleanup costs insurance product, designed to help clients control both known and unknown pollution risks. It provides comprehensive coverage to mitigate loss resulting from claims for bodily injury, property damage, cleanup and the destruction of natural resources due to contamination on, at, under or migrating from a covered location.

In addition to standard coverage provisions, Beazley ECLIPSE covers:

  • Transportation pollution liability for waste, materials, goods and products, both inbound and outbound, to and from the insured’s premises
  • Non-owned disposal site pollution liability (blanket locations, both onsite and offsite coverage)
  • Reputation management reimbursement – up to 50% of $100,000 to assist clients in managing their reputational risk after a loss
  • Broad definition of pollution condition
  • Restoration costs

Coverage is available on a surplus lines basis with limits of up to $20,000,000.

Beazley’s environmental team now comprises four underwriters – John Beauchamp, Jim Wilkins, Jayne Cunningham and Nicholas Pearson – located in the company’s New York, Philadelphia and Atlanta office. At the end of the year, Pearson will be relocating to London to underwrite environmental risks out of Lloyd’s.

In addition to Beazley ECLIPSE, the team underwrites Beazley ENVIRO, a policy covering professional and environmental risk for the environmental services industry; and a broader package policy, BeazleyOne ENVIRO, that includes general, professional and environmental liability coverage.

Source: Beazley

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