Schaumburg, Ill. — Identifying growing opportunities for two of its commercial insurance segments, Zurich recently rolled out new products, one for North American commercial firms seeking environmental liability coverage and one that provides workers’ compensation coverage for employees of federal contractors who are working outside the country on military bases, overseas public works projects or similar contracts funded by the U.S. federal government.
The carrier’s environmental liability policy, named Z Choice, is a menu-driven form that enables policyholders to customize the coverage and limits (up to $50 million) to meet their business needs. Customers can choose among core coverage 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 coverage that include natural resource damages, business interruption, mold, transportation of materials and financial assurance, among others.
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