Beazley has announced enhancements to ECLIPSE, its environmental liability insurance policy.
ECLIPSE provides environmental liability and pollution-clean-up coverage and risk management services that help control pollution risks associated with transactional and operational hazards, transportation, waste disposal and other exposures.
Beazley has broadened the coverage to include blanket liability protection for non-owned locations and warehouses and distribution chains, the company said.
Also now included as standard in the policy is coverage for costs associated with business interruption and crisis response, including:
- Fees for public-relations support
- Medical and funeral expenses
- Psychological counselling
- Travel or temporary living expenses
- Security expenses
“We have enhanced our flagship environmental liability solution, ECLIPSE, to offer richer and stronger support to businesses, landowners and commercial property investors in the event of an emergency,” said Jayne Cunningham, environmental focus group leader for Beazley. “As well as risk transfer, we want our clients to be able to access the resources they need to deal with a potential crisis associated with the discovery of contamination linked to their site.”
Beazley’s environmental team transacted more than US$100 million in business last year. The relaunch of ECLIPSE follows the expansion of the team’s product offering in February.