darcie smith
Member
Who has a pollution exclusion clause on your insurance and what does it cost you per year?
I’m not in charge, I’m just the asker of the questions. All I know is it has something to do with water damage restoration, my husband thinks we need it, I got a quote, and now he wants to know if the quote is comparable to what you guys pay. Since he’s too busy to ask you, I get to. And most of you like me better I guess.dumm question to help with my ig'nernce..
what's it cover ?
and specific to our application, what would be possible scenarios?
would it cover a fine for dumping in storm sewer?
or poisoning occupants (or tech) with carbon monoxide blowing into the place?
..L.T.A.
Thank you for clarifying, buddy.If you're doing water damage restoration or mold remediation its needed.
These are services you currently have no coverage for should something put your business in jeopardy.
The premium is based off the volume of sales done in that service.
Most insurance companies don't handle coverage for pollution. You'll want a broker to find you the best rate for that.
Deductibles are generally higher, making you self insure for the first 10 or 20. It's really for big liability claims, something you hope would never happen.
Are you referring to CAT3 water disposal?If you're doing water damage restoration or mold remediation its needed.
These are services you currently have no coverage for should something put your business in jeopardy.
The premium is based off the volume of sales done in that service.
Most insurance companies don't handle coverage for pollution. You'll want a broker to find you the best rate for that.
Deductibles are generally higher, making you self insure for the first 10 or 20. It's really for big liability claims, something you hope would never happen.
Yes and no.Are you referring to CAT3 water disposal?
We don’t do any cat 3 or mold jobsa pollution exclusion clause means you would potentially not be covered in case like mold.
is that what you're actually looking for are or are you looking for pollution insurance/CPL.
We don’t do any cat 3 or mold jobs
We do cat 1 and 2 water jobs. He wants additional coverage because what we have for the business doesn’t cover anything like what the pollution insurance would cover.Do you do water jobs at all? You might "cause" mold or other issues.*
I'm not sure what you are trying to achieve. Is it lowering premiums by reducing coverage or is it to add additional coverage so that you are covered on "pollution" issues. The latter would be CPL
*you could also do this as a regular old cleaner but the odds are much lower
Depends on your sales. I paid as much as 28k a year and as little as 15k in an off year. However we were primarily restoration so our premium had to cover the sales exposure.So now that we’ve established what it is, who has one and what does it cost per year?
Thank youDepends on your sales. I paid as much as 28k a year and as little as 15k in an off year. However we were primarily restoration so our premium had to cover the sales exposure.
I have allot to learn.Semantics, you contaminate a home or make someone sick, your fault, my fault someone is going to pound me in the ass prison.
I believe any attorney would barbecue you. I'd think it would be a difficult if not impossible defense strategy.
Here is the other pleasant thought, you know who really loves the IICRC Standards? Attorneys do. They are going to dig through it and pin you on it unless you can prove you did everything per the standard and can validate why.
Naww just document and cover your ass.I have allot to learn.
What if your invoice states extracted water only?Naww just document and cover your ass.
You're probably ok but there is always risk.What if your invoice states extracted water only?