Chubb Environmental Solutions Angelica Cacioppo Environmental Underwriter

Why is this relevant to you?

Environmental Products 1.Contractors Pollution Liability (CPL)  No asbestos coverage  $10,000 minimum premium 2.Environmental Site Liability (ESL) 3.Enviro Lite Where our biggest opportunities to work together are!

Chubb Environmental Solutions Presents ENVIRO Lite  Site Liability for Small/Med Businesses  $2,500 - $10,000 Premium  Same Day Quoting  No Engineering Requirement  15% Commission

Today’s Program Summary ENVIRO Lite  How it Works  Information Requirements  Program Highlights  Coverage Summary  Insurance Drivers  Claims Examples

Target Clients  Light industrial  Commercial  Retail  Institutional  Hospitals  Small real estate portfolios

Outside of the Box  10, 12, 13 and 14 – Mining  237 Fur Good  261, 262, 263: Pulp and Paper  28X: Chemicals and Allied Products  291: Petroleum Refining  299: Products Of Petroleum And Coal  301: Tires And Inner Tubes  311: Leather Tanning And Finishing  331, 332, 333: Steel mills and foundries

Outside of the Box cont’d  371, 372, 373, 374, 376: Auto, aircraft, ship and train building  44X: Water Transportation  45X: Transportation by Air  46X: Pipelines, except Natural Gas  492: Gas Production And Distribution  495: Sanitary Services  5169: Chemicals and Allied Products  721: Laundry, Cleaning, And Garment Services

Coverage Summary  Pays losses or damages arising from sudden and gradual pollution incidents for conditions that are on, under, or migrating from a covered location  Primary coverage  Onsite Remediation Costs  Includes Liability resulting from polluting 3 rd party, as well as remediation costs on-site  New Conditions (Coverage B)

The Rating Engine  Based on Standard Industrial Classification (SIC) Code  Premium Drivers  Number of Above Ground Storage Tanks > 250 gal  Underground Storage Tanks?  Building Size (Sq. Ft)  Number of Locations  Onsite Remediation limit

Rating Engine  Premium Drivers cont’d  Reportable Discharges  Violation of Environmental Standards  Claims  Employee Responsible for Environmental Matters?

The Application  Summary of Operations  Neighboring Exposures  Tank Information  Above Ground Storage Tanks  Underground Storage Tanks  NO SIGNATURE REQUIRED

ENVIRO Lite Highlights  Premiums $2,500 to $10,000  Same Day Quoting  15% commission  Low Deductibles  On site remediation limits of up to $1,000,000  No Engineering Requirements

Highlights Cont’d  Ability to Quote on Competitor Applications  Broad Site Liability Policy  Includes Natural Resource Damage  Chubb Claims Expertise  A++ Financial Rating

Added Benefits  First Party Discovery Trigger for on site clean up  Aggregate of Coverages Endorsement  Mould  Transported Cargo  Non owned locations  Business interruption  Illicit Abandonment

Typical Pollution Insurance Drivers  Financial institution loan requirements  Lease agreements  Contractual obligations  Balance sheet protection

Mistake Results in Need for Biohazard Waste Removal  Lab late night cleaning crew maintained a lab that drew/tested patient blood samples  One of the crew mistakenly placed used needles in the dumpster meant for unregulated trash  Mistake was discovered the next morning and biohazardous waste service was contacted to clean out the dumpster/remove the waste

Mistake Results in Need for Biohazard Waste Removal  Lab paid the biohazardous waste disposal service $150,000 to clean out the dumpster  Clean up costs would have been more if the dumpster had already gone to a landfill

Manufacturer Sued for Contaminating Adjacent Property  Manufacturer of semiconductors was sued for contaminating adjacent property with chlorinated solvents  Case was resolved in a $7M settlement

Spill Cleanup Shuts Down Building  Tank failure caused release of 1,000 gallons heating oil into basement of a managed building  Contamination was widespread and resulted in damage of tenant’s furniture inventory  Cleanup/repair required building to shut down for 1 week

Spill Cleanup Shuts Down Building  Management firm was liable for $200,000 property damage  Also liable for $125,000 for remediation costs  Management firm incurred $100,000 claim for business interruption and extra expense due to loss of rent

Diesel Spill at Mountain Resort  In December 2009, a maintenance worker discovered 3,000 l. of diesel fuel had leaked from a generator on site  Due to poor weather conditions access to the site was limited  The fuel ran down the hill toward the nearby creek

 Due to immediate response from the maintenance worker and contractors, most of the spill was contained on site  Remediation costs were estimated at $200,000 Diesel Spill at Mountain Resort

Submission Workflow  Send submissions to:

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