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Global Premises Pollution Liability (GPPL) Insurance

For multinational property owners and developers, the Global Premises Pollution Liability (GPPL) Policy offers coverage for worldwide environmental liabilities arising from foreign operations and subsidiaries.

Benefits:

  • Broad range of pollution liability protection, for gradual as well as sudden and accidental first-party and third-party environmental liabilities
  • Option to tailor policy through endorsements and manuscripted language, to meet specific needs of the insured
  • Solutions that help insureds manage the complexities of global insurance programs, including the ACE GPSSM single servicing platform
  • Robust global insurance network in more than 170 countries, personnel skilled in effective multinational program execution, including underwriting, claims, risk control, efficient premium cessions and servicing
  • State-of-the-art WorldviewSM web-based portal for insured program management and tracking

Coverage:

  • One, two, three and five-year policy term options
  • Business interruption and soft costs available by endorsement
  • Known conditions available  by endorsement
  • Ability to cover liabilities encountered in mergers and acquisitions
  • Ability to cover acquired and divested properties by endorsement
  • Available for claims for natural resource damages or biodiversity damages
  • Available for mold-related and legionella claims
  • Available during transportation of wastes or products

Minimums & Limits

  • Minimum self-insured retention: $10,000
  • Minimum premium: $10,000
  • Limits available up to $50 million per/$50 million aggregate, inclusive of defense costs

Target Client

  • Owners of contaminated properties
  • Prospective purchasers of contaminated properties
  • Real estate developers and investors
  • Stakeholders in any commercial or industrial facilities
  • Stakeholders at any site with a history of similar use
  • Commercial retail
  • Environmental businesses
  • Medical and Laboratories/R&D
  • Light industrial
  • Disposal, recycling and waste treatment operations
  • Mining and reclamation operations
  • Heavy manufacturing
  • Chemical manufacturing and chemical distributors

Forms / Applications

Document Name Size Date
GPPL Policy Specimen.pdf 126 KB 04/28/2011
GPPL Application.doc 138 KB 04/28/2011