Chubb Group of Insurance Companies services

Mergers, acquisitions, downsizing, restructuring, rapid expansion, and globalization have increased the challenges of maintaining a strong system of internal controls. Likewise, the expansion of computers has drastically changed the speed with which fraud can occur.

Despite your best effort and hard work, a dissatisfied customer may sue you, alleging mistakes were made. Sometimes the mistakes aren`t even made by you but by a subcontractor you hire. These errors can result in serious financial loss to your client or other third parties.

Contractors face many pollution risks stemming from operations at their job sites. These include contaminated soil disposal and the accidental release of fuel oil, chemicals and toxic gases from broken pipelines, utilities, and stationary and mobile fuel tanks. Contractors Pollution Liability insurance helps protect a wide range of pollution risks associated with construction projects.

Environmental Site Liability insurance helps protect companies from the uncertainty of potential environmental liabilities associated with owning or operating facilities or sites. Environmental Site Liability insurancefor buyers and sellers of propertyhelps protect buyers and sellers in mergers, acquisitions or divestitures. From a seller looking to help reduce or eliminate the requirement for collateral to support environmental provisions contained in an underlying sales agreement, to a buyer who needs help to protect against loss as a result of a pollution discovery at a property to be purchased, Chubb’s Environmental Site Liability insurance offers valuable assistance. It can even help protect in cases where a pollution problem is already known.

Spills. Leaks. Explosions. Pollution incidents are a significant risk that can result in serious harm not only to your operations, but to public health and safety as well as to the environment. Environmental pollution risks are complex and new hazards can emerge unexpectedly.