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Family History
When underwriting a Life or Health policy, an underwriter will look at the history of the family to see if there is a chance of hereditary disease. This helps in determining if the applicant's life expectancy will be adversely affected and to what degree because of the disease's nature.
Insurance Industry News from ProgramBusiness.com
Pollution Coverage GlossaryUnderstanding the differences between the various types of pollution coverages can be a daunting yet highly important challenge. To assist producers NECC has prepared a basic glossary describing some of the more common coverage types currently available in the marketplace. Contractor Pollution Liability (CPL): CPL provides third party Bodily Injury, Property Damage and Cleanup coverage for unintentional pollution caused by covered operations while the named insured is working at sites that are not owned or occupied by the named insured. CPL coverage usually ends once materials are moved beyond the boundaries of the job site. As the name implies, contractors of all types purchase this coverage (through it is often included in environmental consultants and laboratories professional liability policies). CPL may be written on either a claims made or occurrence form, depending on exposures.
Environmental Impairment Liability (EIL): See Site Specific Pollution Liability.
Pollution Legal Liability (PLL): See Site Specific Pollution Liability.
Professional Liability Including Pollution (PL/CPL): Professional Liability covers the named insured for errors and omissions in the rendering or failure to render professional services. Professional Liability policies can include pollution, or in some cases Contractors Pollution Liability (CPL), and are written on a claims made basis. See the CPL section of this document for more information concerning Contractors Pollution Liability.
Site Specific Pollution Liability (SSPL): SSPL can cover both first party cleanup costs as well as third party Bodily Injury, Property Damage and Cleanup costs. It is a very complicated coverage that defies simple explanation, but in short, SSPL provides coverage for unintentional pollution arising from a designated premise that is owned or occupied by the policyholder. Most types of entities can purchase SSPL. However, depending on exposures, first party cleanup costs may not be available for certain risks. SSPL coverage is always written on a claims made basis and coverage can either be with a retroactive date of inception or if qualified, can be offered with full retroactive coverage (sometimes called “historical coverage”). Site Specific Pollution Liability is often referred to as Pollution Legal Liability (PLL) or Environmental Impairment Liability (EIL).
Transportation Pollution Liability (TPL): TPL or Motor Vehicle Pollution Liability (MVPL) provides coverage for accidental pollution emanating from a scheduled vehicle. It does not cover Bodily Injury or Property Damage resulting from automobiles other than the pollution aspect and does not include an MCS-90 endorsement. MVPL is usually written on an occurrence form. MVPL is sometimes called Transportation Pollution Liability (TPL).
Underground and Above Ground Storage Tank Pollution Liability: (Note: NECC is not actively writing UST pollution policies at the present time.)This coverage provides third party liability and first party cleanup costs for a covered spill emanating form a designated Underground or Above Ground Storage Tank. Defense Costs are provided for in a separate limit usually from $100,000-$500,000. This coverage is always written on a claims made basis. Note: This is a brief description only, and is not intended to be used as anything but an introduction to some of the products available through National Environmental Coverage Corporation. Please consult the policy form for full coverage wording. This document does not alter, amend or change the policy in anyway. NE
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