ACE: There is a global need for environmental and pollution protection insurance

Most construction contracts require contractors to have environmental, pollution coverage, in U.S. and abroad.

By Rosalie L. Donlon | Updated on May 13, 2015

Environmental coverage is one that 10 or 15 years ago only a select few companies bought, primarily manufacturers that had obvious exposures. But environmental coverage has grown into a lot more than that over the last five years, said William P. Hazelton, executive vice president, environmental and construction for ACE Group, in a meeting with National Underwriter and PC360 at RIMS 2015.

In the U.S., environmental coverage, especially for contractors, is “a vital component” and is expanding, with increased demand as companies become more multinational. “It’s a coverage contractors have in the U.S. so they buy it while working abroad too,” he added.

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