Contractors pollution liability (CPL) coverage can be purchased by anyone that performs operations or conducts work in the construction industry. CPL is a contractor-based policy, offered on a claims-made or occurrence basis. This is coverage that provides for bodily injury, property damage, defense, and cleanup as a result of pollution conditions, whether sudden, accidental, or gradual, arising from contracting operations performed by, or on behalf of a contractor.

From environmental or remedial contractors to general and specialty trades, a CPL policy, available under Construction insurance in Wayne, NJ, has become a viable financing option at times when environmental losses are a concern, and provides protection when large, or even greater loss scenarios occur, and at a reasonable price for premiums.

A long list of concerns

Unfortunately, environmental liabilities have the ability to impact companies industry-wide while working at job sites. Pollution incidents have been known to occur from a wide variety of activities and completed operations, and this includes excavation, demolition, remodeling, restoration activities, and routine plumbing work. Damages can even be the result of a site runoff after a heavy rain, which could be quite damaging to a company’s profits and reputation.

Some may assume that a general liability policy covers third-party injury or property damage claims, but actually general liability policies typically contain a pollution exclusion, which excludes bodily injury or property damage arising from the release of a pollutant.

Major corporations often make the news due to an environmental mishap that they must claim responsibility for. It happens quite often, and isn’t always accompanied by national news coverage. The fact is that a pollution event doesn’t have to be the result of a giant oil spill into the ocean to have devastating effects on a business entity or the community. Pollution affects areas big and small, and sadly, the effects may take a long time before the severity of the issue is fully realized.

But when the blame falls squarely on your shoulders and you have to pay a huge amount of money for clean up and other restitution, you’ll be happy to know that your Construction insurance in Wayne, NJ will help pay the bulk of the costs associated with the incident. Don’t delay, and get insured today!