Contractors Pollution Liability Insurance | Chubb NZ
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Contractors Pollution Liability Insurance
What it covers
- Liability for third-party bodily injury, property damage, trespass, puissance or obstruction
- Indemnity for clean-up costs incurred by the insured in relation to such third-party claims
- Costs and expenses included for all claims within the policy limits
Key benefits
Key enhancements
- Asbestos & Fungi exclusion deleted
- Blanket waiver of subrogation where written by contract
- Addition of new insuring agreements of Emergency Response and Catastrophe Management Coverage
- Pollution Condition definition expanded to include Illicit Abandonment, soil, silt and sedimention
- Covered Operations now includes project management, site supervision and waste disposal services
- Inclusion of new term - Site Environmental Condition (ie. fungi or legionella)
- Non-Owned Disposal Site (NODs) granted on an occurence basis
- Coverage for claims arising from Covered Operations performed world-wide (provided that any legal action is initiatied and claim is made within NZ)
Program parameters
- Limits available up to $50 million
- Term available up to 10 years
The above is a product summary only. For actual terms and conditions, please refer to the policy. The foregoing presents examples of the types of coverage available under the CPL policy and is subject to the terms and conditions contained in the policy. The information contained herein is not intended to explain or broaden coverage afforded under this or any policy or product offered by Chubb.
Insurance is issued and underwritten by Chubb Insurance New Zealand Limited NZBN 9429040398037, FSP No. 35924 (Chubb). Please review the relevant policy wording to understand the terms, conditions, limits, and exclusions to decide if the product is suitable for you. Any information provided is general information about our insurance product and not financial advice.