INSURANCE
NEW LAW....NEW RISKS!
Are you protected?
Your company has registered with the EPA as a Certified Renovation
Firm. You follow the law using Certified Renovators and Lead Safe
Work Practices (LSWP) where required. You maintain proper records
BUT you're still vulnerable to lawsuits from your customers and
installers (employees or sub-contractors).
IMAGINE....
A customer sues YOU for "incorrect" lead paint test results.
Or, they sue YOU claiming lead paint poisoning from what they believe
was a "sloppy" installation.
Or, the homeowner claims they didn't receive the Renovate Right
pamphlet on time and sues YOU for failing to use LSWP as required
by law.
Or, an installer sues YOU for lead paint exposure.
The possibilities are endless and potentially devastating!
Expenses for LSWP Liability Claims could range from $15,000 to
$2,000,000 or more!
DON'T RISK YOUR BUSINESS...GET A FREE QUOTE on Lead Safe
Work Practices INSURANCE.
Coverage Overview (which has the policy highlights in bullet form
and then a link for a Quick Quote)
Quick Quote
Act Now...No Cost...No Obligation...Don't Delay!!!
Contractors Pollution Coverage Background
Since the late 1970's, absolute pollution exclusions have been incorporated into general liability policies. This exclusion deletes any coverage related to what is defined as a "pollutant." A pollutant can be lead, asbestos, mold, PCB, radon, soot, silica, or solvents to list just a few. Many types of contractors work in and around what would be defined in the exclusion as a "pollutant." These types of claims would involve a property owner, tenant, or neighbor alleging that they became sick because they were exposed to a pollutant" (like lead paint dust, asbestos, or mold) as a result of the contractor's activities. Many types of contractors already incorporate this coverage into their risk management practices. One specific contractor activity besides demolition of painted surfaces that can generate a great deal of dust is window and door replacement. Many contractors have also experienced claims involving mold. Another claim example involved a contractor that was working around a heating oil tank when he accidently broke a pipe causing the heating oil to spill out. These types of claims are covered with a Contractors Pollution Liability Policy.
EPA Renovation, Repair, and Painting Rule
The new EPA RRP law makes the contractors responsible for lead safe work practices when working in pre 1978 homes. The EPA RRP rule sets the standards high for lead safe work practices, and the EPA RRP Rules also requires the contractor to inform the property owners and tenants with an EPA pamphlet that outlines what constitutes lead safe work practices. Everyone will be focused on the contractor’s lead safe work practices. If a child or pregnant mother is exposed to lead paint dust and is poisoned as a result of the contractor’s activities, the claim expenses could exceed millions. If the contractor adheres to lead safe work practices exactly as outlined in EPA RRP rule, the litigation expenses just to defend the contractor could range from $150,000 to $500,000. Prime contractors are also liable for the lead safe work practices of subcontractors in the event of a claim. A contractor that uses an EPA approved lead paint test kit could expose themselves to litigation. The contractor could be 100% compliant with the EPA rule, and still face expensive litigation.
Risk Management and Insurance
Risk management for contractors should go beyond just EPA RRP “certification” which is why Kachina Lead Paint Solutions is unique in the industry because their services help contractors manage this new risk. In addition, ISU Environmental Insurance has developed coverage that specifically covers not only the normal contractor pollution exposures, but also the new exposures created by the EPA RRP rule like testing and fines and penalties to name just two of the new exposures. Our coverage is the most comprehensive, and our rates are the lowest in the marketplace.
For coverage and a quote: www.EnvironmentalInsurance.com\Kachina.
|
