AXA XL has announced that its Environmental business in North America has added supplemental coverage to its Pollution and Remediation Legal Liability (PARLL) policy, providing additional protection against losses resulting from pollution.
The enhanced policy includes coverage for third party claims for bodily injury, property damage and remediation expense, as well as emergency remediation expense indemnity for expense incurred on an emergency basis.
It also provides coverage for contingent transportation and non-owned disposal sites for third-party claims.
Furthermore, the newly added supplemental coverages provide additional limits of liability for expenses related to minimising the harm to a business’ reputation, green building materials, subpoena advice fees, and attendance at depositions, hearings, arbitrations, and trials.
“Pollution incidents, for any size business, across many different industries, can easily result in a five or six-figure clean up price tag,” said Matt O’Malley, President of AXA XL’s North America Environmental business.
“That’s why environmental insurance has become more of a staple in businesses’ insurance portfolios,” he continued.
“And to make it easier for the growing number of businesses that rely on environmental insurance, we’ve streamlined our underwriting process and updated our policy to offer even more comprehensive coverage.”
PARLL coverage is underwritten by Indian Harbor Insurance Company, an AXA XL insurance company.
