To take advantage of new and changing opportunities in the environmental liability market, insurers are striving to be innovative by offering buyers new coverage options.
Gregory E. Schilz, a managing director of Aon's Environmental Group, said environmental impairment liability remains the most sought-after coverage, but a few markets are beginning to offer new versions, with some policies combining environmental with general liability.
Zurich North America is one market that is offering this type of combination coverage with its new “Z-Link” policy, which “enables customers who otherwise might not consider environmental insurance to purchase tailored-to-fit pollution coverage as part of their general liability policy.”
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