Source: Insurance Business Review, March 21, 2013
XL Group has introduced a new pollution insurance policy to help the North American food and beverage industry address their environmental liability, clean up and disaster response concerns.
The new Environmental Food and Beverage policy will assist companies during recovery from accidental ammonia discharges, pathogen contamination among others.
XL Group North America Environmental business president Matthew O’Malley said less number of food and beverage businesses can afford a disruption to operations during costly and time consuming pathogen outbreak or other accidental pollution incidents.
”Fortunately, new tailored environmental insurance coverage can help food and beverage businesses quickly address and clean up if contamination or pollution conditions arise at their facilities,” O’Malley added.
Available through Greenwich Insurance and Indian Harbor Insurance, the policy offers the company’s standard Pollution and Remediation Legal Liability coverage, which provides protection for on and off-site bodily injury and property damage claims and cleanup and legal expenses.
The policy provides financial protection for cleaning and disinfection of storage areas and processing equipment, disaster response advisory expenses, medical and temporary living expenses.
Loss prevention services, including assistance from an in-house consulting staff and dedicated environmental claims specialist are also included in the coverage.