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Beazley PLC said Thursday it is enhancing coverage for its ECLIPSE environmental liability and pollution cleanup insurance.
The insurer said in a statement ECLIPSE has provided environmental liability and pollution coverage as well as risk management services that help control pollution risks associated with transactional and operational hazards, transportation, waste disposal and other associated exposures.
The coverage has now been broadened to include pollution liability protection for non-owned locations and warehouses and distribution changes.
Beazley said it is also now including as standard in ECILPSE’s coverage the costs associated with business interruption and crisis response. These include fees for public relations support, medical and funeral expenses, psychological counseling, travel or temporary living expense, and security expenses.
Up to $50 million in limits is available, according to a spokeswoman.
Beazley and Marsh LLC said last month they are collaborating on cyber coverage and breach response to protect U.S. manufacturers against evolving cyber risks.
Brazil's upper house of parliament recently passed legislation which is expected to make environmental insurance mandatory for businesses, Segs.com reported. The number of insurers providing environmental cover is limited in the country which could lead to a rise in insurance rates for the segment.