- Why should businesses purchase pollution liability insurance?
- Environmental fines and penalties can be costly: Are you prepared?
- Environmental insurance: How to remain calm in a crisis
- Overview of Canadian environmental law: A potential for liability and insurance coverage issues
- Why should contractors purchase pollution liability insurance?
Environmental & Pollution Liability sales tools
Coverage Conversations: Environmental Insurance
- Video #1 - Victor expert, Marc LeBrun, tackles what challenges a business might face after an environmental incident. He also provides tips on how brokers can help their clients with these challenges.
- What concerns do brokers often share with you about environmental insurance?
- What challenges might a business face after an environmental incident?
- Any tips for brokers to help their clients with these risks?
- Video #2 - Victor expert, Marc LeBrun, dives into a serious topic: the hidden environmental risks that could lead to hefty fines and major reputational damage. In a real-life story, Marc reveals how a small-town business faced serious consequences after accidentally contaminating a river due to improper waste disposal.
- What environmental risks are brokers’ clients often unaware of?
- How does Victor support brokers in educating their clients about environmental incidents?
Animated videos - Claim examples
- Construction team faced with mould and asbestos claims—damages and clean-up costs totaled more than $150,000 (4 minutes, 55 seconds)
- Theft of a popular item led to more than $300,000 in environmental remediation costs for one business owner (4 minutes, 28 seconds)
- Contractor faced with environmental incident during construction of health facility addition. Cost of claim—a hefty $450,000 (2 minutes, 33 seconds)
In the short videos below, our Victor experts, Marc LeBrun and Shannon Gorman, talk about environmental insurance. They explain what it is about Victor’s environmental products that sets them apart from competitors with similar coverages. They also share true-to-life examples to show how the specific features of Victor’s environmental policies can help protect a company in the event of a pollution incident. Have a look at these videos and share them with your clients! #EnviroDifference
Environmental Cleanup & Liability Insurance for Premises
- What is it about Victor’s Environmental Cleanup & Liability Insurance for Premises that sets it apart from competitors with similar coverage?
- Can you provide a true-to-life example to show how the specific features of Victor’s Environmental Cleanup & Liability Insurance for Premises coverage can help protect a company in the event of a pollution incident?
Environmental Cleanup & Liability Insurance for Storage Tanks
- What is it about Victor’s Environmental Cleanup & Liability Insurance for Storage Tanks that sets it apart from competitors with similar coverage?
- Can you provide a true-to-life example to show how the specific features of Victor’s Environmental Cleanup & Liability Insurance for Storage Tanks coverage can help protect a company in the event of a pollution incident?
Environmental Package Insurance for Contractors & Consultants
- What is it about Victor’s Environmental Package Insurance for Contractors & Consultants that sets it apart from competitors with similar coverage?
- Can you provide a true-to-life example to show how the specific features of Victor’s Environmental Package Insurance for Contractors & Consultants coverage can help protect a company in the event of a pollution incident?
Pollution Liability Insurance for Contractors
- What is it about Victor’s Pollution Liability Insurance for Contractors that sets it apart from competitors with similar coverage?
- Can you provide a true-to-life example to show how the specific features of Victor’s Pollution Liability Insurance for Contractors coverage can help protect a company in the event of a pollution incident?
Frequently asked questions
A business may not always have a clear understanding of why they should have environmental insurance or may not even be aware that their current CGL policy does not adequately protect them from environmental losses. In these videos, Victor expert, Marc LeBrun, helps shed some light on these points and explains environmental insurance in easy-to-digest snippets:
- What is environmental insurance?
- Who should have environmental insurance?
- What is the common misconception about the Sudden & Accidental pollution endorsement usually found in CGL policies?
- What are the types of conversations that brokers should consider having with their clients when it comes to environmental coverage?
- What environmental insurance is available through Victor?
Claims examples
- Environmental Liability (contractors and consultants, storage tanks and premises)
- Animated video - Property oil leak (4 minutes, 28 seconds) - In this real life claim example, learn what happens to one business owner when the theft of a popular item leads to $310,000 in environmental damages.
- Animated video - Contractor faced with environmental incident during construction of health facility addition. Cost of claim—a hefty $450,000 (2 minutes, 33 seconds) - During the construction of an addition to a health facility, a contractor implemented a solution to reduce noise from the generator. Unfortunately, it led to a fractured fuel supply line and a hefty environmental loss of $450,000. Fortunately, the contractor was covered for this loss through their Victor Pollution Liability Insurance for Contractors policy! Watch this video to learn more.
- Animated video - The project journey: From blueprints to operations - Understanding the risk and ways to protect your business (8 minutes, 14 seconds, full video, all business lines) - A group of business owners discovers the many ways in which risks and exposures can present themselves throughout the duration of a project. The illustrated claims examples in this video aim to help business owners and managers better understand the importance of obtaining proper insurance for their organization.
Claims scenarios
- Significant liquid fertilizer release - A catastrophic environmental incident unfolded at an agricultural chemical warehouse facility causing a large quantity of liquid fertilizer to escape into the environment! In this environmental claim scenario, find out how a faulty installation led to this devastating incident, and the crucial risk factors that can help prevent such a disaster from happening to your clients.
- Gas station disaster - A business owner's testing led to a confirmed release from an underground storage tank system, and a large environmental cleanup and liability claim! In this environmental claim scenario, learn how approved leak detection systems and proximity to urban centres could help save your clients in a similar situation from financial hardship.
- Water infiltration and asbestos contamination - Picture this: a routine mechanical equipment replacement at a hospital turns into a nightmare when a drain blockage leads to water entering the building. As a result, asbestos-containing walls and ceilings must be removed! In this environmental claim scenario, get more details on what happened and how our Victor Pollution Liability Insurance for Contractors policy helped protect this policyholder against a complex loss involving asbestos contamination and subsequent evacuation of the building!
- Failure to disclose ground water contamination - An environmental engineer fails to disclose severe ground water contamination leading to a lawsuit! When you think it couldn't get any more complex, multiple adjacent property owners are then implicated. In this environmental claim scenario, find out how this happened—whether a settlement was achieved—and how our Victor Environmental Package Insurance for Contractors and Consultants saved the day.
To view more claims scenarios, click here.
- Pollution Exclusion: Court holds that CGL policy does not cover escape of chemicals caused by fire
- Retailers beware: Pollution liability exclusions apply to deny coverage for claims against retailers
- The case of the leaking gas tank: Why a CGL policy may not be enough to protect businesses from pollution liability
- FREE cyber assessment & consultation service—exclusively for ALL Victor policyholders - Victor policyholders now have access to a cyber assessment & consultation service (valued at $397 CAN) at no additional cost. They can connect with a cyber expert for a one-on-one consultation (via a video or phone call in 90 minutes or less) to learn about the cyber exposures their organization may be facing. More importantly, they can find out how they can protect themselves, their business, employees and clients from cyberattacks! #TheThreatIsReal
Watch this short video and visit the following page: www.victorinsurance.ca/cyberassessment to learn more about this complimentary Victor service.
