- 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?
- Video #3 - Victor expert, Marc LeBrun, explores the tricky world of PFAS—those "Forever Chemicals" that are making waves.
- Why is it important for brokers and their clients to stay up-to-date with evolving environmental regulations?
- How can Victor help brokers in navigating evolving environmental regulations?
- Video #4 - Victor expert, Marc LeBrun, explores common misconceptions about environmental insurance and why it’s essential for businesses of all sizes. Even small companies can encounter significant expenses if they face allegations of environmental negligence. Marc breaks down how our Victor Environmental tailored solutions can help protect them, and why understanding these policies is crucial.
- What are some common misconceptions that brokers encounter with their clients regarding environmental insurance
- How does environmental coverage benefit companies of all sizes?
- What environmental solutions does Victor offer to businesses?
- Video #5 - Looking for smarter environmental insurance solutions? Victor expert, Shannon Gorman, explains how partnering with an MGA like Victor can deliver better results for you and your clients. See what we can do for you—watch the short video now.
- What is the value of using a managing general agent (MGA) like Victor as an environmental insurance partner?
- Video #6 - Many companies still overlook environmental risks—and it’s costing them. Watch our video as Victor expert, Shannon Gorman, shares a story about a company that faced costly consequences for ignoring environmental risk assessments. Learn why managing these risks matters now more than ever for your clients—and how Victor’s environmental tools can help you keep them ahead of the curve.
- Video #7 - Environmental risks like climate change are growing fast—and so is the demand for insurance that covers them. In our video, Victor expert, Shannon Gorman, breaks down what’s driving this change and how you can help your clients protect their businesses. Watch the video now.
- Is there a growing awareness and demand for environmental insurance coverage?
- How do stricter environmental regulations impact companies' demand for environmental insurance?
- Video #8 - Our experience shows 70% of environmental claims are defence costs only—no damages paid. Watch our video as Victor expert, Shannon Gorman, explains why clear claims handling and solid environmental insurance are key to protecting your clients from soaring legal expenses. See how our underwriting and claims expertise can help simplify the claims process for your clients—should an environmental incident occur—and ease their stress when it matters most. Watch the video now!
- Why are environmental insurance and clear claims handling essential for managing expensive defence costs?
- How does Victor help brokers and their clients manage rising defense costs and simplify environmental claims?
Animated videos - Claims 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.
- Animated video: Construction team faced with mould and asbestos claims—damages and clean-up costs totaled more than $150,000 (4 minutes, 55 seconds) - The construction team on a construction or renovation project—such as the general contractor and subcontractor—may not be fully protected. Many Commercial General Liability (CGL) policies have mould and asbestos exclusions, so losses may not be covered! These losses could include anything from mould and asbestos bodily injury to property damage or cleanup—with costs that could reach levels too high for the company to self-insure! Learn more about these losses by viewing this video which features a claim example—inspired by true events.
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.
