NAI News

If you think your transportation clients have no exposure to pollution claims…you’d better think again! A tanker-trailer owned by an agricultural products manufacturer overturned on the highway, spilling over 3,000 gallons of chemicals. The release caused soil and surface water contamination. Clean-up costs will exceed $130,000. A vapor release from a tank truck located at a waste disposal facility caused an evacuation of the facility, as well as several surrounding area businesses. Settlement costs are estimated at nearly $1,000,000. When the driver of an oil tanker truck checked his cargo prior to unloading, vapor fumes ignited causing an explosion. The resulting damage to the truck allowed the oil supply to leak out and led to significant contamination.
The growing threat of Environmental Liability can put the financial resources of a business owner at serious risk. Are your clients properly covered for pollution claims? Protect your insureds with the Pollution Transit Coverages from AIG Environmental? Supplemental Environmental Automobile Liability (SEAL®) Coverage and Owners Spill Liability (OSL) Coverage AIG Environmental can provide pollution coverage for your insureds who transport cargo using their own employees with our SEAL® product, and/or arrange transportation through third party carriers with our OSL product. We can also combine these products under Coverage I of our PLL Select® policy. SEAL® and OSL will respond to pollution conditions resulting from transported cargo that may occur during loading/unloading, upset /overturn, failure of the cargo containment structure, vandalism, and other events that would cause a release of transported cargo. SEAL®/OSL is perfect for businesses who carry/ship a wide range of products: Chemicals Oil/Gasoline Hazardous Materials Contaminated Soils Medical Waste Household Products like detergents, soaps, and shampoos Paints/Varnishes And many more!