Veracity Insurance Blog

Contrary to popular belief, Oil and Gas, Nuclear, and Contractors companies are not the only industries that are exposed to a potential pollution claim. Manufacturers also have a significant exposure to Pollution Claims. Most, if not all, standard insurance policies include an absolute pollution exclusion. This exclusion removes coverage for bodily injury or property damage caused by any pollutant, which is defined as follows, “any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste. Waste includes materials to be recycled, reconditioned or reclaimed.” This would include any manufactured product regardless of the industry, therefore creating a major gap for manufacturers. Manufacturers Environmental or Pollution policies offer a bridge to cover this gap, and in effect ensure that compan Continue Reading

Every manufacturer, importer, or distributor wants to make sure that products and goods they supply are safe and fault free. Product liability insurance is the way to go! By purchasing it you ensure safety and peace of mind. Let’s say you have a business start-up for body-building supplements. You manufacture and distribute them to pharmacies and grocery stores. You are sure that your product is very safe and that it works. You tested your supplements before selling and have even taken them yourself. But there could be so many unknown exposures not only for you as a business owner, but also for traders, distributors, and sellers of your product. There are a lot of scenarios that you simply can’t expect. Continue Reading