Have you considered all the risks you may face as a powerline contractor? If you have neglected your risk of polluting the environment—your pollution liability—your business may spend a significant amount of money cleaning up hazardous waste material from the environment.
Fortunately, Pollution Liability insurance can cover your liability if you ever accidentally contaminate the environment during your work—making it a crucial part of your business’s insurance plan.
What is Pollution Liability Insurance?
Pollution Liability Insurance, also commonly known as environmental insurance, will cover losses or damages from accidental releases of pollutants into the environment. It covers you for bodily injury, property damage, cleanup costs, and loss of income from business interruption. Pollution Liability insurance may also cover the risks of historic contamination to the environment, including mold, lead paint, and asbestos.
Why do you need Pollution Liability Insurance?
While it may seem like Pollution Liability Insurance covers an unlikely risk, it can prove valuable more often than you think. Here are several situations where you would want Pollution Liability Insurance:
First, you handle transformers and other hazardous waste materials frequently as a powerline contractor. So, there is always a risk that something dangerous could leak out during transport or repair. This leak can cause bodily injury or property damage, and you would be at fault for your mishandling of the waste. However, pollution liability insurance can cover the cost to clean up the hazardous material—saving your business from large expenses.
But let’s assume you are always careful with the hazardous waste materials you handle. You still need pollution liability insurance. Why? Consider all the heavy equipment you use to work on the powerlines. All this equipment requires oil and fuel, which are pollutants. So, if your equipment leaks or there is a spill when filling the equipment, you face pollution liability and will have to pay to clean up the environment. Fortunately, pollution liability insurance can cover you for these equipment-related spills as well.
Three/Arbor offers Pollution Liability Insurance
Ready to protect your business with pollution liability or environmental insurance? You can find the right policy type to cover your pollution liability at Three/Arbor insurance.
With over 50 combined years of experience, Three/Arbor insurance is an independent agency that values relationships, timelessness, and transparency throughout the entire insurance process. We’ll work with you to create a custom environmental insurance solution just right for your business. Get a quote today!
