Hamilton, NJ, September 08, 2022 –(PR.com
)– RT Specialty’s Environmental and Construction Professional Practice (RT ECP) recently reviewed its book of business during 2020 and 2021 to determine the limits of liability on the Pollution Legal Liability (PLL) policies typically purchased by virtually every industry that owns, leases, acquires or divests real estate. The analysis that represented more than 25 industries showed most of these customers had policy limits of liability of $15 million or less, while only a handful exceeded the $20 million benchmark.
“The overall demand for PLL policies has increased dramatically,” says Jeff Slivka, president of RT ECP. “This coincides with the upward trajectory of the microbial matter, disinfection expenses and soil and groundwater contamination challenges faced by the commercial, habitational real estate; manufacturing; healthcare and institutional marketplaces.
“The problem is…