Combined Form General Liability and Environmental Coverage — The Solution for Gaps in General Liability Policies.
Woodbury, NY, April 13, 2021 — Most manufacturers and distributors do not realize that there is a huge gap in their General Liability (GL) coverage. Losses and claims from a pollution incident or environmental exposures from manufactured products are not covered on the GL policy.
There is a solution for this gap in coverage and some insurance carriers have been offering it: Combined Form General Liability and Environmental coverage.
The Combined Form has many perks if the manufacturer or distributor qualifies for coverage. First and foremost, it offers broader coverage to address significant coverage gaps. It is better priced for catastrophic exposures and is not lumped with retail frequency of “slip and falls.”
Finally, it is non-auditable, which means premiums are based on the previous 12-month revenue and do not vary during the policy term regardless of changes in company sales.
The Combined Form is great solution for manufacturers and distributors concerned about losses from environmental claims and products pollution liability and want to fill this gap in coverage.
Generally, limits for this policy include $1 million per incident with a $2 million aggregate limit on the primary policy, with umbrella limits available up to $300 million.
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Alina Cellura is an Account Executive in the Environmental and Professional Services Division at SterlingRisk. She has both a Bachelor’s and Master’s of Science in Environmental Services and Geology, and has held various positions in the Insurance field since the late 1990s.
