Companies today are under increasing pressure to ‘go green’, thanks to tighter environmental legislation and public pressure. Chubb is well positioned in Asia Pacific to help yours manage its environmental issues. Our flexible products don’t only offer customised solutions to assist you in global risk management; they also cover both first and third party environmental liabilities.
Key Benefits
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Chubb is capable of offering up to a 10-year term and available capacity of up to USD 50 million, or more if required |
What It Covers
- Coverage of remediation costs* for pollution on, at, or emanating from insured locations
- Coverage for remediation costs for claims from governmental agencies for pollution on, at, or emanating from the insured locations
- Third party insurance coverage for bodily injury, property damage, and remediation costs for pollution on, at or emanating from the insured locations
- Third party insurance coverage for bodily injury, property damage, and remediation costs arising from pollution conditions caused during the transportation of wastes or products
- Coverage for claims arising from listed non-owned disposal sites
- Coverage for legal defence expenses for any claims covered under the policy
- Coverage is included for emotional distress or mental anguish claims
- Coverage is available for natural resource damages claims
- Coverage is available for mould-related claims
- Coverage is available for underground storage tanks
- Coverage is available for first party business interruption
- Coverage is available for multinational risk exposures
* Remediation costs include replacement costs.
Please refer to the policy contract for the full details of benefits, terms and exclusions that are applicable. The information provided here is a brief summary for quick and easy reference. The exact terms and conditions that apply are stated in the policy contract.
The benefit(s) payable under eligible certificate/policy/product is(are) protected by PIDM up to limits. Please refer to PIDM’s TIPS brochure or contact Chubb Insurance Malaysia Berhad or PIDM (visit www.pidm.gov.my)
“More Trees for A Better Tomorrow” Project
In support of the reforestation efforts in Borneo, 10 trees will be planted on behalf of every Chubb’s Environmental Impairment Liability insurance policyholder at the Lower Kinabatangan Wildlife Sanctuary, Sabah. All policyholders will receive an e-certificate with GPS coordinates of their trees, as well as photos showing the planted trees and the company name. Learn more.
This project is a collaboration between Chubb in Malaysia and Animal Projects & Environmental Education Sdn. Bhd. (“APE Malaysia”).
Forms & Documents
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