The search for coverage
Anyone involved with the purchase or management of corporate liability insurance is familiar with the onerous pollution exclusions'' that accompany virtually all liability and property policies issued in recent years. As a result of these provisions, many businesses mistakenly presume their insurance program provides no coverage for environmental losses. Most companies, however, already own substantial sums of environmental coverage in the form of old comprehensive general liability (CGL) and first party, all risks'' property insurance policies issued before the introduction of pollution exclusions in the early 1970s. Unfortunately, due to records destruction policies, office moves, changes in ownership and other opportunities to lose files, most businesses have a difficult time reconstructing their past coverage.
- OSTI ID:
- 6148796
- Journal Information:
- Pollution Engineering; (United States), Journal Name: Pollution Engineering; (United States) Vol. 25:11; ISSN PLENBW; ISSN 0032-3640
- Country of Publication:
- United States
- Language:
- English
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