What is Bolton Street Environmental?
■ Bolton Street Environmental is a pre-negotiated pollution insurance program by SterlingRisk Environmental Services for clients who own or manage residential and commerical real estate to address environmental exposure.
■ Environmental insurance for new conditions and exposures at a low cost and a comprehensive manuscript policy that is avalable on admitted basis in NY, NJ, certain clients domiciled in PA, various western states, and on surplus lines basis in other states.
■ Policy issued to each insured with its own per incident and aggregate limits of insurance.
Why Do You Need Bolton Street Environmental?
■ General liability and property policies exclude pollution claims.
■ Affordable alternative to self-insuring.
■ The program includes unique coordination of emergency response and environmental services, including environmental engineers, consultants, contractors, attorneys, public relations firms, insurance brokers, and claims experts.
■ The pre-negotiated Bolton Street Environmental Program offering provides coverage for:
•Fungi, lead-based paint, and asbestos, as well as complimentary associated management plans.
•Contamination that migrates onto your property or from your property.
•First party and third party clean-up costs.
•Claims alleging bodily injury, including attendant medical monitoring or property damage.
•Emergency response costs for the immediate mobilization of environmental professionals, along with 24/7 incident reporting via phone, web, or mobile device.
•Disposal of waste at regulated facilities when generated on your property.
•Business interruption loss for rental income, relocation, mitigation, net profits, and payroll.
•Legal defense costs and expenses.
What Are Our Bolton Street Environmental Program Limits?
■ Economical rates for $500K/$500K, $1M/$1M, $1M/$2M, and $1M/$3M per policy and significant multi-property discounts will be applied.
■ $25,000 self-insured retention (SIR) for most covered conditions.
■ $50,000 SIR will apply to conditions invloving fungi, lead-based paint, and asbestos.