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Environmental

Environmental concerns continue to rank high on the list of societal and business risks, with climate change and industry-related damages often featuring in headline news. Today’s companies must maintain an adequate risk strategy to identify, manage, and source claims solutions in the event of unforeseen environmental perils and accidents. Our underwriters build on diverse backgrounds to appreciate the nuances of different threats, and help our clients navigate the mercurial risk landscape. An environmental policy from Ascot is just the start of our relationship, building on the certainty that our team brings deep understanding and broad experience to environmental issues, walking you through every step of your risk-management strategy.  

KEY FACTS

Prime

Target Industries:

  • Manufacturing, Brownfield/Greenfield redevelopment sites, commercial/residential real estate portfolios, alternative energy, power/utilities, municipality, agricultural, waste management, airport/FBO, heavy industrial, clean technology.

Limits Offered: $25,000,000

  • Minimum Premium: $10,000
  • Minimum Deductible: $10,000
  • Geographic Scope: Worldwide Coverage Territory. Ability to write local Canadian risks using Syndicate 1414
  • Non-Admitted only

Ascot Differentiator

  • All claims handled by experienced, in-house professionals
  • 24-Hour Emergency Response Hotline available for all insureds
  • Market-leading Policy Issuance – 10 Day Average
  • Signed application or warranty statement is not required
  • Team of technical underwriters have the ability to provide best in class solutions
  • Client-centric approach to risk with focus on establishing long-standing relationships
  • Risk-centric process focusing on bespoke, custom insurance policies for all insureds

Coverage Features

  • Blanket Covered Locations, including Non-Owned Locations, no scheduling required.
  • No Retroactive Date – policy provides full coverage for pre-existing and new pollution events.
  • Supplementary Payments outside the limits and do not erode policy indemnity limits
  • Transportation and Contractors Pollution Liability – occurrence basis
  • Broad Form Named Insured, Blanket Insured Contract, Blanket Additional Insured
  • Deductible eroded by payments made through other insurance

Prime Premier

Target Industries:

  • Real Estate, Manufacturing, Distribution, Warehousing, Industrial and Development
  • Middle-market to Fortune 1,000 companies

Limits Offered: $25,000,000

  • Minimum Premium: $10,000
  • Minimum Deductible: $10,000
  • Geographic Scope: Worldwide Coverage Territory. Ability to write local Canadian risks using Syndicate 1414
  • Non-Admitted Only

Ascot Differentiator

  • Dedicated Claims Handling
  • 24-Hour Emergency Response Hotline available for all insureds
  • Market-leading Policy Issuance – 10 Day Average
  • Simplified and streamlined solutions
  • Technical underwriters that provide best in class service and coverage
  • Client-centric approach to risk with focus on establishing long-standing relationships
  • Risk-centric process focusing on bespoke, custom insurance policies for all insureds

Coverage Features

  • Scheduled Covered Locations with blanket Non-Owned Location coverage
  • No Retroactive Date – policy provides full coverage for pre-existing and new pollution events
  • Supplementary Payments outside the limits and do not erode policy indemnity limits
  • Transportation and Contractors Pollution Liability – occurrence basis
  • Broad Form Named Insured, Blanket Insured Contract, Blanket Additional Insured
  • Deductible eroded by payments made through other insurance

Prime Pumper

Target Industries:

  • Oil & Gas Exploration, Refining and Distribution
  • Target Sub-Industries: Upstream E&P, Midstream, Terminals, Disposal Wells

Limits Offered: $25,000,000

  • Minimum Premium: $30,000
  • Minimum Deductible: $50,000
  • Geographic Scope: Worldwide Coverage Territory. Ability to write local Canadian risks using Syndicate 1414
  • Admitted & Non-Admitted

Ascot Differentiator

  • All claims handled by experienced, in-house professionals
  • 24-Hour Emergency Response Hotline available for all insureds
  • Market-leading Policy Issuance – 10 Day Average
  • Signed application or warranty statement is not required
  • Team of technical underwriters have the ability to provide best in class solutions
  • Client-centric approach to risk with focus on establishing long-standing relationships
  • Risk-centric process focusing on bespoke, custom insurance policies for all insureds

Coverage Features

  • Blanket Covered Locations, including Non-Owned Locations, no scheduling required.
  • No Retroactive Date – policy provides full coverage for pre-existing and new pollution events.
  • Supplementary Payments outside the limits and do not erode policy indemnity limits
  • Transportation and Contractors Pollution Liability – occurrence basis
  • Broad Form Named Insured, Blanket Insured Contract, Blanket Additional Insured
  • Deductible eroded by payments made through other insurance
  • No scaling of limits based on insured’s working interest in covered asset

Prime Plus

Target Industries:

  • Chemical Manufacturers and Distributors
  • Pesticide, Herbicide, and Insecticide Manufacturers
  • Fertilizer and Agricultural Chemical Manufacturers
  • Oil & Gas Upstream Products
  • Waste Treatment and Disposal Facilities

Limits Offered: $25,000,000

  • Minimum Premium: $20,000
  • Minimum Pollution Deductible: $10,000
  • Geographic Scope: Worldwide Coverage Territory. Ability to write local Canadian risks using Syndicate 1414
  • Non-Admitted

Ascot Differentiator

  • All claims handled by experienced, in-house professionals
  • 24-Hour Emergency Response Hotline available for all insureds
  • Market-leading Policy Issuance – 10 Day Average
  • Signed application or warranty statement is not required
  • Team of technical underwriters have the ability to provide best in class solutions
  • Client-centric approach to risk with focus on establishing long-standing relationships
  • Risk-centric process focusing on bespoke, custom insurance policies for all insureds

Coverage Features

  • Broad Form Named Insured for majority owned subsidiaries and newly acquired entities
  • Occurrence Coverage for General Liability, Products Liability and Pollution Events arising from Transportation and Contracting Operations
  • Worldwide Coverage Territory for Products and Pollution Events at non-owned locations, during transportation, and arising out of your work and scheduled foreign locations 
  • Blanket Covered Locations, including Non-Owned Locations, no scheduling required.
  • No Pollution Retroactive Date – policy provides full coverage for pre-existing and new pollution events.

PRIME Plus Excess

Target Industries:

  • Chemical Manufacturers and Distributors
  • Pesticide, Herbicide, and Insecticide Manufacturers
  • Fertilizer and Agricultural Chemical Manufacturers
  • Oil & Gas Upstream Products
  • Waste Treatment and Disposal Facilities

Limits Offered: $25,000,000

  • Minimum Premium: $50,000
  • Attachment Point: $1,000,000
  • Geographic Scope: Worldwide Coverage Territory. Ability to write local Canadian risks using Syndicate 1414
  • Non-Admitted

Ascot Differentiator

  • All claims handled by experienced, in-house professionals
  • Market-leading Policy Issuance – 10 Day Average
  • Signed application or warranty statement is not required
  • Team of technical underwriters have the ability to provide best in class solutions
  • Client-centric approach to risk with focus on establishing long-standing relationships
  • Risk-centric process focusing on bespoke, custom insurance policies for all insureds

Coverage Features

  • Follow Form Excess Policy
  • Ability to provide unsupported excess
  • Full layer or quota share available

Prime Excess

Target Industries:

  • Any class of business within Ascot appetite for PRIME, PRIME PUMPER or PRIME CPL

Limits Offered: $25,000,000

  • Minimum Premium: $5,000/million
  • Attachment Point: $1,000,000
  • Geographic Scope: Worldwide Coverage Territory. Ability to write local Canadian risks using Syndicate 1414
  • Non-Admitted

Ascot Differentiator

  • All claims handled by experienced, in-house professionals
  • Market-leading Policy Issuance – 10 Day Average
  • Signed application or warranty statement is not required
  • Team of technical underwriters have the ability to provide best in class solutions
  • Client-centric approach to risk with focus on establishing long-standing relationships
  • Risk-centric process focusing on bespoke, custom insurance policies for all insureds

Coverage Features

  • Follow Form Excess Policy
  • Ability to provide unsupported excess
  • Full layer or quota share available
  • Drop-down over sublimited coverage may be available

Prime CPL

Target Industries:

  • General Contracting and Construction, Trade Contractors, Specialty Contractors, Artisan Contractors, Heavy Civil/Highway/Infrastructure, Renewable Energy, Utility, Street & Road
  • Ability to provide project specific, Owner’s Controlled and Contractor’s Controlled Insurance Programs (OCIP/CCIP)

Limits Offered: $25,000,000

  • Minimum Premium: $1,500
  • Attachment Point: $5,000
  • Geographic Scope: Worldwide Coverage Territory. Ability to write local Canadian risks using Syndicate 1414
  • Non-Admitted

Ascot Differentiator

  • All underwriters have CPL Authority resulting in 24hr turnaround
  • 24-Hour Emergency Response Hotline available for all insureds
  • All claims handled by experienced, in-house professionals
  • Market-leading Policy Issuance – 10 Day Average
  • Signed application or warranty statement is not required
  • Team of technical underwriters have the ability to provide best in class solutions
  • Client-centric approach to risk with focus on establishing long-standing relationships
  • Risk-centric process focusing on bespoke, custom insurance policies for all insureds

Coverage Features

  • All coverage is provided on an occurrence basis
  • Supplementary Payments outside the limits and do not erode policy indemnity limits
  • Broad Form Named Insured, Blanket Insured Contract, Blanket Additional Insured
  • Multi-year policies available for certain customers
  • Project-Specific Policies up to seventeen years including policy term and completed operations

Contacts

Ted Mavraganis

Ted Mavraganis
Senior Vice President, Environmental

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    © Ascot Group 2023

    The information contained herein is intended for informational purposes only. Statements of coverage availability and scope are general in nature, subject to change and underwriting of any individual risk, and provide no guaranty or warranty of coverage, express or implied. Products and services are offered through insurance company affiliates within the Ascot Group. Not all products and services are available in every jurisdiction, and some may be available in the United States only on a surplus line basis through licensed surplus line brokers. The precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued. The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of insurance on any US risk.