Zurich North America Commercial rolls out Z Choice environmental liability policy
Offers customized coverages for fixed-facility exposures
Schaumburg, Ill., April 21, 2008 – Zurich, one of the world’s largest property-casualty insurance companies, announced today that its North American Environmental business unit has added an environmental liability policy named Z Choice to its portfolio of insurance solutions. This menu-driven form enables policyholders to customize the coverages and limits (up to $50 million) to meet their business needs.
Customers can choose among core coverages such as first- and third-party bodily injury and property damage for on- and off-site cleanup for new and existing pollution events. Additionally, they can add to their program from a large suite of optional coverages that includes natural resource damages, business interruption, mold, transportation of materials and financial assurance, among others.
Z Choice provides an easy policy format to make complex business decisions simpler. It is easy to understand, and the declarations page quickly shows what is covered.
“Z Choice is a flexible program that provides our customers with the ability to tailor coverages for their unique fixed-facility exposures and pay only for the coverages they need,” said Kenneth Berger, executive vice president of Zurich’s Environmental unit. “Plus it comes from an insurer with financial stability, longevity and a proven track record in the marketplace.”
Zurich’s Z Choice policy is appropriate for a wide variety of industry classes such as commercial real estate portfolios, manufacturing, chemical facilities, health care, water treatment facilities, food processing, laboratories and public institutions.
In addition, Zurich’s Environmental business unit offers a large portfolio of related products and services to meet the needs of businesses in real estate development, manufacturing, contracting and hazardous materials transportation, as well as professional liability insurance for design professionals. With more than 16 years of experience offering environmental products, Zurich underwrites coverages through local offices in New York, Atlanta, Boston, Chicago, Denver, Glendale, Calif., Houston, Philadelphia and San Francisco.
About Zurich Financial Services
Zurich Financial Services Group (Zurich) is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries. In North America, Zurich (www.zurichna.com) is a leading commercial property-casualty insurance provider serving the global corporate, large corporate, middle market, small business, specialties and programs sectors.