Risk & Business Magazine Spectrum Insurance Magazine Fall 2018 | Page 26

CONTRACTORS POLLUTION LIABILITY INSURANCE
Contractors Pollution
Liability Insurance
C
BY: BRIAN CHRIST,
INSURANCE ADVISOR,
SPECTRUM INSURANCE GROUP
ontractors, no matter what industry they work in, face environmental risks stemming from operations on a daily basis. For
most contractors, a single pollution incident or loss can seriously damage their reputation, operations, and even their balance
sheet. Making matters worse, pollution incidents can be sudden or occur gradually over time.
While many contractors assume that environmental claims will be covered under their commercial general liability (CGL)
policy, the unfortunate reality is that most CGLs contain pollution exclusions that leave contractors uninsured in the event of a
pollution incident.
Thankfully, contractors are increasingly turning to contractors pollution liability (CPL) insurance to ensure they have the right coverage in
place to remain secure and profitable.
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