Source: Sirius Group “In-Box”, February 11, 2021

An environmental policy was needed to support the insured’s purchase of a tech venture group with four (4) locations that had a history of research and development (including clean rooms), LED manufacturing and product development, and solid state lighting and laser development. One of the properties was impacted by an offsite source of chlorinated volatile organic compounds. Another property had a history of compliance and operational issues. Despite these historic operations, concerns and impacts, Sirius put together a broad, meaningful environmental coverage program on a ten (10) year term (five (5) years new conditions) with $10MM/$10MM limits that afforded coverage for both pre-existing and new environmental conditions by understanding the insured’s exposures.