Reinsurance News

Vantage introduces policy for environmental risks

27th September 2023 - Author: Kassandra Jimenez-Sanchez

Vantage Group Holdings Ltd. has announced the extension of its Contractors Pollution Liability (CPL) and professional liability offerings to Environmental Contractors and Consultants.

According to the announcement, this pollution and professional liability policies for environmental risks complement the company’s expertise and strong portfolio of insurance products for the US construction industry, including subcontractor default insurance, excess casualty and professional liability lines.

Vantage designed its offerings to respond to environmental risks that can cause financial strain and pose significant hurdles to project completion.

Its environmental coverages are written on a non-admitted basis nationwide and will be available as primary or excess coverage, the re/insurer stated.

Jason LaMonica, Head of Construction & Environmental, commented: “The construction team at Vantage is pleased to offer this new stand-alone protection to large, midsize and trade contractors and consultants, when environmental liability exposures are greater than ever.”

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Michael Dannecker will lead Vantage’s environmental offerings and will report to Lawrence Lejfer, Head of Construction Professional & Environmental.

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