It makes sense for insurance companies to control their liability as much as possible. This is why certain pollution exclusions exist in commercial car insurance policies. Insurance carriers can also offer coverage that protects you from specific risks of your business. As such special pollution coverages can be added to a commercial car policy. Here are the differences between the exclusions and coverages.
commercial auto insurance will cover any bodily injuries that staff
members suffer in an accident. Those will injuries will not be covered
if they are a result of the release, seepage, dispersal or escape of
pollutants from that vehicle. Most of the time, employees should not be
dealing with pollutants. The only case they would be is if they have the
appropriate coverage for it. Obtaining coverage is relatively easy when
your workers are handling pollutants in the correct manner. Most
businesses don’t have anything to do with waste or pollutants, only some
businesses will need to deal with that. Before you decide whether the
exclusion with affect your business, you should ascertain what exactly a
pollutant is. Even simple items like paint and industrial solvents may
be considered pollutants which will make events like an office
renovation a risk when transporting pollutants.
Pollution Optional Coverage
There are certain times when your business needs to be involved in
transporting and dispersal of contaminants. If you have coverage and are
compliant with waste handling regulations, and an accident occurs, then
your insurance carrier will not exclude the claim. If you are handling
waste and pollutants on a regular basis, then you should definitely
include that coverage. This will help when it comes time to handle
claims for injured workers, and it will also help with paying fines to
the government for accidents or spills.
Assess your daily activities and decide whether or not to add pollution
coverage or to exclude it. Is it practical for your business? Is it
worth the risk to forgo it?
If you'd like to sign up for Long Island commercial auto insurance, please don't hesitate to give us a call at 888-565-2212.