Environmental Liability Insurance

General liability insurance rarely covers pollution damages and environmental lawsuits. In Colorado's growing oil and gas industries, this type of insurance is needed for many companies.

Employees are protected from most lawsuits under general liability insurance, but environmental damage is another area altogether. If there is a chemical leak into a nearby river or another environmental issue, the company may face a lawsuit from the public, the state or a private organization. Insurance coverage protects the company from these potentially damaging lawsuits.

Environmental Liability Insurance Works for Contractors

Contractors are facing a growing number of environmental lawsuits and liability insurance should be added according to their risks. There are firms that specifically go after this type of legal action. Charges range from site contamination, containment-cleanup and environmental errors and omissions.

Since many contractors require several types of environmental liability insurance, wholesale brokers can write the policies together. For example, general liability and pollution coverage can often be included in the same plan. Employees also need to be covered in the event that they could personally be linked to pollution issues.

Colorado's growing alternative-energy market also calls for creative solutions to environmental issues. Companies whose employees produce or install solar, waste or green equipment also need insurance solutions. Adco General can write all manner of environmental liability insurance for both production companies and contractors. Contact Adco to find out about its financial department that can create different payment options for small and startup businesses.