NAESIP pollution liability for developers provides coverage that is built for the business situation of the client. This makes it different than standard contractor pollution policies.
NAESIP’s developer pollution coverage includes sites that are: owned, leased, or occupied by the insured. The insuring agreement includes anything emanating from, on-top of, at, or underneath the locations scheduled onto the policy.
Contractor policies do not cover sites that are owned, leased, or rented, and the agreement strictly includes places where the insured does their work. NAESIP can also add a number of endorsements to cover transit pollution away from the site and waste streams that may be taken to non-owned disposal sites.
Some sites, like office buildings, have innocuous exposures. Exposures could increase in locations with a shopping center with a dry cleaning business or a manufacturer that uses chemicals. Site history is important to consider.
For example, a pristine apartment complex may appear to have limited exposure, but what if it is built on top of a landfill that could present vapor issues at a later date?
This is why NAESIP tailors site policies to each client and their exposure.
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