According to a report from insurance broker Marsh, the percentage of clients purchasing Pollution Legal Liability (PLL) and Contractors’ Pollution Liability (CPL) policies has increased: Nearly 10 percent more PLL policies were sold in 2011 compared to 2009.
But in its “Marsh Insights: Benchmarking Trends—Environmental Purchasing Trends” report, the Marsh & McLennan Cos. subsidiary says purchasers of environmental-liability policies are buying lower limits and paying less than they were just a year ago.
Average limits have, for the most part, trended downward over the past four years, with average limits on PLL declining from $12.7 million in 2008 to $11 million in 2011. For CPL programs, limits went from $9 million in 2008 to $7.4 million in 2011.
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