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Private Schools, Colleges and Universities, environmental
exposures from historical and present day practices
represent serious health hazards and financial risk.
Environmental insurance offer Colleges and Universities
a variety of ways to protect themselves from these
diverse environmental risks, including known or estimated
contamination obligations relating to historical pollution.
Insured’s have the flexibility to choose coverage
for multiple sites, operations, and non-owned disposal
and contracting liabilities.
Premium and Limits:
• Minimum start at $5000
• Deductibles start at $5000
• Limits up to $11 million
• Mold Limits up to $11 Million
Liability Coverage's:
• On-site cleanup of new or pre-existing conditions
triggered by first-party discovery or third party claim
• 3rd party for on-site bodily injury and property
damage
• 3rd party claims for off-site cleanup
• 3rd party claims for off-site bodily injury
and property damage
• 3rd party claims for on-site bodily injury,
property damage or cleanup costs - non-owned locations
• Third-party claims for off-site bodily injury, property damage or cleanup
costs - non-owned locations
• Pollution conditions resulting from transported cargo
• First-party coverage for business interruption Underground Storage Tank
Mold Coverage
Claim Scenario:
Claims Studies Involving Colleges And Universities.
The following examples demonstrate just some of the
many ways in which colleges and universities can incur
environmental liabilities.
Costly Cleanup:
A large mid-western university disposed of its science
lab wastes in a 53-year-old, 20,000-gallon underground
storage tank. The underground tank ruptured and contaminated
the soil, the private wells and the groundwater that
flowed into a nearby reservoir. Several third parties
sued the university, with claims totaling $450,000.
In addition, costs to clean up the reservoir amounted
to $1.1 million.
Filter Failure Causes Fumes:
In the chemistry lab of a small Southern college,
experiments were being conducted under an old hood.
The hood filters failed and released toxic fumes into
the community-several residents had to be evacuated
and others rushed to the hospital. The college was
sued for several third party claims, along with a $215,000
property damage claim for contingent business loss.
Lab Wastes Pollute Water:
A university in New England was discharging liquid
lab waste to the campus wastewater treatment plant.
When the plant failed, toxic liquids contaminated the
publicly owned treatment works (POTW), forcing its
closure. The university was charged with the $65,000
environmental cleanup and contingent business loss
that resulted from contamination of the POTW.
Underground Tank Ruptures:
While constructing a new sports stadium at a Western
university, a contractor ruptured two abandoned 10,000-gallon
underground storage tanks full of gasoline and diesel
fuels. Since the land was donated to the university
by a private company and the contractor did not have
pollution insurance, the university was charged $200,000
for the environmental cleanup.
Spill Spreads Mercury Contamination:
A large university in Ohio contracted plumbing work
on one of its science labs. While dismantling laboratory
piping, the contractor discovered an existing mercury
spill that resulted in mercury contamination throughout
the building. Costs to clean up the contamination and
restore the building to its original condition were
$350,000.
The examples above are intended to illustrate the
wide variety of environmental exposures faced by institutions,
business and industry and the many ways in which those
exposures can arise. Insurance coverage in any particular
case will depend upon the type of policy in effect,
the terms, conditions and exclusions in any such policy
and the facts of each unique situation. No representation
is made that any specific insurance coverage would
apply in the above examples. Please refer to the individual
policy forms for specific coverage details.
Submission Requirements:
• Environmental Impairment Liability Application
• IAQ/Mold Questionnaire
• Property Schedule
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