CAPABILITY GUIDE
AIG has a wealth of experience and knowledge to serve your business. Read our Capability Guide to see how we can help you.
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Overview
Environmental exposures have been amplified by a tougher social and legal environment in Malaysia. Although businesses may not have changed, their liabilities may have. Environmental insurance provides customers with the broad coverage they need to adequately protect their business from the continuously changing environmental landscape.
Contractors Pollution Liability
AIG is a leading provider of Contractors Pollution Liability (CPL) coverage, designed exclusively to protect contractors against pollution releases. CPL covers third-party bodily injury and property damage claims, as well as clean-up costs arising from pollution released due to covered operations.
Contractors Operations and Professional Services (COPS)
Environmental cover for environmental professionals. Includes cover for errors & omissions in environmental technical reporting and Contractors Pollution Liability cover for activities carried out on third party sites.
Pollution Legal Liability
Flexible, comprehensive cover to help your business address the growing environmental exposures from heightened levels of public awareness and evolving environmental regulations.
Who is it for?
Contractors Pollution Liability
Coverage is designed expressly for environmental contractors. We insure many types of consultants and contractors with pollution liability exposures, including:
- Civil contractors
- Environmental consultants
- Site remediation/clean-up and demolition contractors
- Above and underground storage tank contractors
- Emergency clean-up contractors
- Asbestos and PCB contractors
- Maintenance contractors
- Electrical contractors
- General contractors
Pollution Legal Liability
AIG’s size and flexibility allow us to protect a wide range of business sectors, including:
- Manufacturing
- Healthcare
- Waste management
- Real estate
- Energy
- Mergers & acquisitions
What is covered?
Contractors Pollution Liability
Our flexible Contractors Pollution Liability offering features:
- Bodily injury and property damage, including pollution clean-up coverage.
- On and off-site clean-up coverage.
- Legal defence coverage.
- Contract-specific or blanket cover options.
- Retroactive date at policy inception. Prior acts coverage may also be available if the insured has been continuously covered on a claims-made basis.
- Option of an occurrence-based policy providing ongoing cover for gradual pollution releases.
Pollution Legal Liability
We offer global environmental capacity of up to US$50 million per policy, covering a broad range of risks over single or multi-year policy terms. Available coverage includes:
- Sudden and gradual pollution conditions.
- On-site and off-site clean-up costs for pre-existing and/or new conditions.
- Third-party bodily injury and property damage.
- First-party business interruption expenses resulting from a pollution condition.
- Legal costs for defense, investigation and/or adjustment of covered compensatory claims.
- Pollution releases caused by transportation.