Global specialty insurance firm Ascot, has expanded its environmental offering with the launch of Prime PREMIER, a new fixed-site pollution product designed for clients focused on real estate, manufacturing, distribution, warehousing, industrial and development.
Prime PREMIER was named for Protecting Real Estate, Manufacturing, and Industry from Environmental Risk.
According to the announcement, this new environmental offering will “position Ascot to meet the continued market demand for a simple streamlined form that can solve complex, technical risks through detailed and technical underwriting.”
Ted Mavraganis, Senior Vice President, Environmental, and Head of Prime PREMIER, commented: “Today’s companies must be prepared for the event of unforeseen environmental perils. We are thrilled to offer our new Prime PREMIER product, offering a simplified form with the flexibility to structure bespoke solutions for our clients’ most complex environmental risks.
“Our team has both deep underwriting expertise and dedicated claims handling that allows us to give these accounts the attention they require and the service they deserve.”
Prime PREMIER offers coverage for bodily injury, property and environmental damage caused by or resulting from a pollution event on, at, under or migrating from a covered location on a claims-made or first party discovery basis.
The policy does not include a retroactive date and supplementary payments are provided outside the policy limits, Ascot stated.
