Specialty insurer Liberty International Underwriters says it has expanded its environmental impairment liability operation in the Southwest.
The regional presense will be headed by underwriting manager Mike Padula, located in the Houston office of LIU, a division of Liberty Mutual Insurance. LIU existing EIL operations are in New York, Boston, San Francisco and Denver.
Padula will be charged with leveraging his local presence to focus on regional trends, develop new opportunities and expand LIU's producer base.
Along with the rest of LIU's Environmental group, Padula has a deep understanding of local and national environmental regulations and can work with agents and brokers to evaluate a company's potential liabilities, helping them proactively protect their assets.
"Environmental incidents often come with unexpected risks and many companies do not realize until it is too late that they have environmental exposure," said Padula. "Many pollution events are not covered by a Commercial General Liability Policy, and there may be unforeseen gaps in insurance coverage that leave a company paying out-of-pocket for an environmental claim. LIU has the knowledge and experience to help agents and brokers protect their clients' businesses."
Environmental Liability products include fixed-site pollution legal liability, contractors pollution liability, storage tank third-party liability, contractors and professional services, and corrective action and cleanup.
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