Ironshore Environmental has announced an enhancement to its Site Pollution Incident Legal Liability Select (SPILLS) policy to broaden its coverage for manufacturers, distributors, and other entities with products exposure.
The SPILLS policy provides environmental liability protection for a variety of environmental exposures. The new SPILLS policy endorsement extends coverage for pollution incidents caused by the insured’s product after that product has been put to its intended use. The endorsement helps to fill coverage gaps, which exclude bodily injury, property damage and clean-up arising from a product.
The SPILLS program provides coverage for pollution incidents using a broad definition of pollutants, including hazardous materials, petroleum products, mold, and other contaminants. It covers first- and third-party on-site and off-site remediation expenses, third-party bodily injury and property damage caused by pollution incidents, and more. The new policy enhancement also covers products pollution liabilities for industries with that exposure, Ironshore Environmental said. Coverage can be offered to both new and existing insureds, and limits are available from $1 million to $50 million.
“Ironshore Environmental recognizes the ever-present and increasing risk of unexpected and potentially costly pollution incidents leading to litigation and environmental enforcement actions,” said Toby Smith, president of Ironshore Environmental. “Our new endorsement now broadens protections for insureds with pollution exposure associated with their products.”