Indoor Air Quality and Mold

Covers bodily injury, property damage, legal expense and building related clean-up costs resulting from pollution conditions on, at, or within a building on a covered location.

Policy Benefits

• Coverage for both new and historical conditions
• Coverage provided for both gradual and sudden and accidental events
• Coverage is triggered by the discovery of pollution condition or a claim made by third party
• Legal Expense is provided within the Limit of Liability
• Clean-up cost coverage for the inadvertent disturbance of asbestos or lead-based paint
• Definition of Bodily Injury includes building related illness and medical and environmental monitoring
• Compensatory, punitive, multiplied or exemplary damages and civil fines, penalties and assessments, where insurable by law
• Definition of Pollutants includes mold, Legionella and EMFs
• Definition of Pollution Condition includes illicit abandonment of Pollutants at a Covered Location
• Definition of Property Damage includes Natural Resource Damages
• Ninety (90) day Automatic and three (3) years Optional Extended Reporting Period for claims-made coverage grants
• Cumis Counsel where entitled by law

Policy Features

• Limits of Liability up to $50 million each pollution condition/$100 million aggregate
• Policy terms of up to three (3) years
• $5,000 minimum premiums
• Covers locations in the U.S. or Canada
• Separate limits can apply to each coverage part

Submission Requirements

• GAIG General Application for Environmental Insurance
• GAIG Supplement Application for Indoor Air Quality and Mold Liability Insurance
• Indoor Air Quality/Mold Management Plan
• Past three (3) years loss history
• Last two (2) years financial statements and/or 10-K report