Transportation Pollution Liability
Transportation and logistics industry companies relying solely on the CA 9948 for pollution coverage are missing important liability protection for some of the largest and most frequent transportation pollution exposures. Axon’s pollution coverage professionals will work closely with each applicant to tailor coverage specific to their exposures.
Carrier experience matters when it comes to pollution claims!
Having an experienced pollution carrier respond to a spill not only simplifies and expedites the claims handling process, it helps prevent against civil penalties and fines for incorrect or late reporting of spills to regulatory agencies (e.g. local municipalities). This has been a major issue for many insureds using auto carriers not familiar with proper pollution reporting procedures.
A number of items remain uninsured or ambiguous on the Commercial Automobile’s standard CA 9948 endorsement. These items include but are not limited to:
The MCS-90 Endorsement is an obligation of financial responsibility only, not insurance. For example, if an insurer is required by the MCS-90 to pay damages for environmental restoration, but the Commercial Automobile policy to which the MCS-90 is attached excludes pollution, the insurer must still pay for the environmental restoration costs. However, in this example, not only does the insurer have a contractual right to full reimbursement, the insured agrees to make such reimbursement to the insurer for such sums paid.
• $10 Million of Third Party
• Pollution Liability available
• Policy application on a Primary and Excess basis
• Logistics Companies
• Importers/Exporters
• Manufacturers
• Chemical, Oil and Gas Industries 9 Major Retail Companies
• High Tech, Bio Tech and Pharma Industries
• Agricultural Industries
All Submissions should be forwarded to submissions@axonu.com.