Environmental risks threaten a wide variety of commercial organisations, including owners of property; industrial and commercial operations; general and specialty contractors; and the environmental services industry. These risks give rise to complex claims and can benefit from strong risk management and claims support.
We have assembled a global team of seasoned underwriters, risk management experts and claims managers who are committed and ready to assist policyholders whenever and wherever necessary. Our environmental liability team complements our capabilities in both property insurance and architects and engineers professional liability.
Our highly experienced underwriters have a broader appetite for environmental hazards than many insurers. For example, our fixed site pollution liability policy, Beazley Eclipse, offers a ten year policy term and our underwriters are willing to consider sites with a long history of industrial activity.
In August 2016, we increased the capacity we can offer for operational and fixed site environmental risks to $50 million to cover the environmental liabilities of a multitude of clients, including large multi-national companies. The increased coverage limits are backed by the Beazley Elements consortium of Lloyd's insurers.