As the environmental issues in NJ continue to escalate,
please know that there is insurance coverage available to protect your
assets. Owning a dismantling/recycling
facility can be an environmental headache.
Leaking fuel tanks, waste fluids and water runoff can migrate onto your
neighbor’s property or into someone’s water supply. This could result in a clean up or a third
party lawsuit.
Dismantlers/Recyclers and landowners can purchase pollution
coverage to protect your business against liabilities that may arise from a
pollution condition. The policy would
cover the clean up costs of the pollutants, contaminated soil and water on the
affected property. In addition, the
policy can provide coverage for properties adjacent to your business, as well
as properties down stream or down gradient.
It also can cover the legal defense and judgment awards for a third
party suing for bodily injury or property damage. These policies can be written for multiple
years with various deductibles and coverage limits.
If you have an interest in discussing this coverage further
or have any concerns with your current insurance coverage, please contact me.