The North American Environmental Unit of XL Catlin has updated its professional and pollution insurance coverages for contractors and environmental consultants.
New additions to XL Catlin’s Professional and Pollution insurance for contractors and environmental consultants include:
- Green building materials expense coverage for use of green building materials in the restoration of property damaged as a result of a pollution condition.
- Rectification expenseto correct actual damages or prevent potential damages resulting from negligent acts, errors or omission in covered professional services in an effort to correct issues in real time that may arise on a project to help avoid or reduce third-party claims and litigation.
- Protective losscoverage that provides indemnity for protective loss, in excess of the design professional’s (DP) insurance, resulting from a negligent act, error or omission in DP services. Gives additional protection to the insured when their subcontracted DP limits of liability are inadequate or eroded.
- Protective loss/pollution protective loss bankruptcy litigation expenseindemnity for fees and expenses incurred by the insured for their retaining of bankruptcy counsel in the making of a protective claim or a pollution protective claim against a DP or subcontractor.
According to Matt O’Malley, president of XL Catlin’s North American Environmental insurance business, the new coverages are more inclusive and address more of the professional and pollution risks clients are facing day-to-day, in one policy form.
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XL Catlin’s Environmental team also offers its environmental insurance clients claim services with a nationwide claims hotline ONCALL available 24/7 to assist in controlling emergencies, minimizing costs and reducing liability through quick containment and investigation.
XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally.
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