NEW YORK–(BUSINESS WIRE)– Chartis today announced the expansion of industries addressed by NextGen Protection, a suite of environmental insurance solutions developed by its Environmental division.
The additional industry segments within the NextGen Protection suite are:
PLL MuniProtect SM for Municipalities
PLL MuniProtect has been developed to address the environmental exposures associated with municipalities. Unforeseen pollution incidents arising from the operation of schools, parks, roadways, waste water treatment facilities and other services may lead to third-party claims which, if left uninsured, may impact the financial resources of the municipality. As a result, the funds available for these public services may be reduced.
PLL REAL Protect SM for Commercial Real Estate
PLL REAL (Real Estate and Land) Protect has been created to focus on the specific pollution exposures associated with Commercial Real Estate (CRE). Owning or operating CRE, including office buildings, shopping centers, hotels/motels and multi-unit residential buildings, provides exposure to environmental risks, such as those associated with indoor air contaminants, which PLL REAL Protect is designed to address.
Coverage provided by PLL MuniProtect and PLL REAL Protect enhances the Chartis insurers market-leading Pollution Legal Liability (PLL) insurance products. PLL provides protection to insureds for third-party claims for bodily injury, property damage and clean-up costs resulting from pollution conditions. Coverage can be provided for owned locations, transportation exposures, covered operations and non-owned disposal sites utilized by an insured.
The NextGen Protection suite currently includes: