Accidents happen and if environmental clean up is involved, it can be devastating to all parties. It is the duty of a Broker to inform clients of potential exposures a CGL policy does not address.
We are proud to present an exclusive Environmental Product that is designed to protect businesses against existing and emerging environmental risks and liabilities.
Our product is fully backed by Underwriters at Lloyd’s of London, the world’s specialist Insurance market. They currently hold an A.M Best strength rating of A, Fitch Rating of AA- and Standard & Poor’s Rating of A+.
Storage Tank Environmental Insurance
Our Storage Tank policy addresses the pollution risks associated with specified above ground and underground tanks, including integral piping, fill points, dispensers, pumps and vapor recovery systems.
Minimum premium: $1,000
Minimum deductible: $2,500
Limits: $500,000 to $40,000,000
Premises Environmental Insurance
Our Premises policy addresses the risk of pollution arising at specified premises. It protects against ongoing operational pollution risks, and/or addresses the risk of legacy liabilities arising from historic operations, which are often a concern on property transactions, mergers and acquisitions.
Minimum premium: $5,000
Minimum deductible: $5,000
Limits of $500,000 to $40,000,000
Annual to multi-year policy periods of up to 5 years
Contractors’ Environmental Insurance
Our Contractors’ policy offers blanket or project specific coverage for contractors work. We insure a wide range of public and private sector projects, including construction of airports, bridges, tunnels, railways and buildings. We target contractors involved with but not limited to Asbestos and Mould Abatement, Demolition, Drilling, Dredging, Hazardous Waste collection, Pest control, Restoration work, Landscaping, Septic installation and Haulage.
Minimum premium: $1,000
Minimum deductible: $1,000
Limits of between $500,000 to $40,000,000
Our Underwriting team operates with quick turnaround times, has competitive pricing, and takes a creative and flexible approach to underwriting.
Sector and Risk Appetite:
Bulk fuel terminals
Auto dealerships and car rental agencies
Power and water utilities
Oil and gas
Electricity generation, transmission and distribution
Sudden and gradual pollution events
Broad definition of pollutant including asbestos & mould
On-site and off-site clean-up costs
Emergency response costs
Natural resource damages
Civil fines and penalties
Legal defence costs
Loading and unloading
Punitive damages, where insurable by law
Illicit abandonment of pollutants
Optional Coverage Enhancements:
Retroactive cover for historic pollution
Storage tank decommissioning and replacement works
First party business interruption
Waste disposal / Non-owned disposal sites
Contractual liability i.e. in leases
SWG is now providing solutions for Marine Risks
South Western Group has recently partnered with Wilson Re, a full service independent insurance and reinsurance brokerage with offices throughout the Asia Pacific region and representatives in Canada and the UK. Wilson Re specializes in the Protection & Indemnity field, and is an active coverholder in the London Marketplace.
Wilson Re has an enduring relationship with Lloyd’s, writing marine cargo business from their headquarters in Hong Kong.
This new partnership with South Western Group will allow you access to highly experienced staff, unrivaled technical and industry expertise, and an appetite to write larger accounts and higher volume.
For more information on this product, please contact Rory O’Donoghue, Branch Manager – Vancouver at extension 5202.
To see if South Western Group is up to your next challenge, contact us at AskUs@swgins.com, call us at 1-800-668-4275 or click HERE to visit our website.
Providing “Professional Insurance Underwriting and Marketing through Service, Integrity and Stability” for over 50 years, South Western Group is proud to service our broker channel with our underwriting knowledge and expertise.