Zurich Creates Environmental Liability Policy for Businesses |
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Written by U.S. Insurance News
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Monday, 28 April 2008 |
Businesses with an eye on the environment have a new choice for coverage—Z Choice.
Z Choice is the new environmental liability policy created by the North American Environmental business unit of Zurich. The menu-driven form of the policy makes complex business decisions simpler: policyholders can customize their coverages and limits (up to $50 million), and the declarations page quickly shows what is covered.
Core coverages include first- and third-party bodily injury and property damage for on- and off-site cleanup for new and existing pollution events. But policyholders also can choose from an array of optional riders, including natural resource damages, business interruption, mold, transportation of materials, and financial assurance.
“Z Choice is a flexible program that provides our customers with the ability to tailor coverages for their unique fixed-facility exposures and pay only for the coverages they need,” explained Kenneth Berger, executive vice president of Zurich’s Environmental unit.
Z Choice is appropriate for a variety of industry classes, such as commercial real estate portfolios, manufacturing, chemical facilities, health care, water treatment facilities, food processing, laboratories, and public institutions.
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