Tuesday, August 5, 2008

XL Insurance Offers Environmental Program

XL Insurance, XL Capital Ltd's global insurance operations, announced the availability of a specialized environmental insurance program that addresses pollution liability and clean-up expenses for U.S. warehouses, storage and distribution facilities.

Underwritten by Greenwich Insurance Company and Indian Harbor Insurance Company, the environmental insurance policy provides coverage for remediation expense, bodily injury and property damage, and legal defense for pollution conditions resulting at or from the insured warehouse or distribution center. Both companies are member insurers of the XL Capital Ltd group of companies.

Common environmental risks faced by warehouses and distribution centers include:

* Spills or leaks during the loading or unloading of materials from trucks and railcars;
* Contamination as a result of a fire at the facility;
* Waste from on-site vehicle or forklift maintenance and storage;
* Gradual leaks from material containers stored at the facility.

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