Beazley has partnered with managing general agency VALE Insurance Partners to offer its environmental cover to U.S.-domiciled firms with revenues of up to $15 million.
VALE will offer the full suite of Beazley environmental products including contractors' pollution liability, environmental impairment liability, and transportation pollution liability insurance. Beazley coverage sold through VALE is available with limits of up to $10 million on a primary basis.
Beazley observed in a statement that it covers a wide range of environmental risks including operational coverage for businesses that may face claims for polluting the premises of third parties; professional liability coverage for environmental consultants; protection for ongoing fixed site operations; contractors' pollution liability; and brownfield site remediation. Key target industries are the manufacturing, industrial, real estate, hospital, and educational sectors, according to the insurer.
Jayne Cunningham, environmental focus group leader for Beazley, said, “VALE is an ideal partner to extend the availability of Beazley's industry leading environmental cover to help smaller firms effectively address their related risks. Beazley works with organizations of all sizes to create solutions that address a wide range of known, and potential, pollution incidents.”
“We are very excited to partner with an industry leader like Beazley,” said Jamie Sahara, the chief executive officer of VALE. “Environmental as a class fits with our desire to hire best in class underwriters, give them excellent tools, and pair them with top tier insurance capacity.”
VALE's environmental team is Cynthia White, Matthew McPhee, Tricia Katz, and Aimee Byrd, all formerly of Colony Specialty and Freberg Environmental.
Learn more: www.beazley.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].