Tri-City Environmental provides coverage solutions for Owners and/or General Contractors for liabilities arising from environmental damage claims at a construction project. With respect to environmental damage claims (bodily injury, property damage or cleanup), the general liability policies purchased by the general contractor and by subcontractors contain pollution exclusions. To fix this coverage gap, the owner or general contractor may purchase a owner-controlled (OCIP) or contractor-controlled (CCIP) program. These programs insure the owner, the prime contractor, and all subcontractors of every tier against claims arising out of a pollution incident caused by construction activities. OCIP and CCIP programs are a cost-effective method of providing comprehensive environmental protection for the project with uniform coverage and adequate limits for all contractors and for the owner.
Coverage Offered
Major Exposures
- Construction Defects
- Microbial Matter/Mold
- Unknown Historical Liabilities (Subsurface)
Highlights
- Provides the best possible structure for the owner, developer, prime contractors and all subs because they are all insured on a single Policy with the broadest protection possible and limits that reflect the recognized environmental risks associated with the project. This minimizes internal disputes and litigation and maximizes the protection afforded to the project and the parties for the financial consequences of an environmental event.
- By creating the program, the project owner or prime contractor has greater control of the job-related insurance costs and possible savings.
Availability
Submission Requirements*
- Environmental due diligence reports
- Project description, bid documents and any other relevant information
- Capabilities statement of general contractor
- Copies of standard client – contractor/subcontractor agreement
Our Edge...Your Advantage
Our multi-disciplined staff is comprised of engineers, geologists, attorneys, former regulators and experts with extensive experience in environmental claims, dispute resolution and special risk. We bring extensive experience in structuring insurance programs for construction projects along with an extensive network of industry contacts that can make the difference in getting the deals done.
*Including but not limited to those listed above.
| List of Brokers by Location |
| |
|
Greg Steinman
Eastern Region, VP
212.293.3941
Email
|
Jim Hamilton
Western Region, VP
303.820.2626
Email
|
|