Businesses that work in specialized fields may face a Pollution exposure. Pollutants are not just the smog in the air. Pollutants can be described as chemical substances or as energy such as noise, heat or light. Pollution can be created from the byproduct of manufacturing. Businesses that transport hazardous materials such as turpentine or seemingly harmless items like milk can have a spill that is classified as pollution.
Clean up can be expensive and time consuming affecting business operations and the business’s bottom line. Federal and State penalties may apply if the transporter has not complied with proper handling procedures. Many forms of pollution are excluded in the standard General Liability coverage provided to business. Pollution Insurance can help to mitigate the cost of clean-up and defense of a lawsuit that could arise.
Insurance companies offer many types of pollution solutions. From the hospital medical waste hauler to the small doctors’ office or the gas tanker truck to condominium association that has an oil tank used for heating oil, this type of coverage can be custom fit to the needs of the business. Rating for these types of policies consider many factors specific to the type of expected pollutant.
Speaking to a Quest Insurance Professional can help you sort out the options and help you decide what the best coverage for your business is.