Beazley ECLIPSE® is a sophisticated but user-friendly environmental liability and cleanup insurance product and risk-management tool, which is designed to help you control both known and unknown pollution risks associated with transactional and fixed-site (covered location) operational hazards, and potential contamination exposures.
Beazley will consider risks ranging in size from single-site habitational, commercial and retail locations to scheduled portfolios of industrial, treatment/storage/disposal (TSD) and petroleum bulk storage facility locations.
Up to $40,000,000
Beazley ECLIPSE®, in its base form, provides comprehensive coverage developed to help you mitigate damages and loss resulting from claims for bodily injury, property damage, cleanup and the destruction of natural resources due to pollution conditions on, at, under or migrating from a covered location.
Risks including but not limited to owners, operators, developers, lenders of risks including but not limited to brownfields, habitational, commercial, retail, agricultural, golf courses/resorts/recreation, warehousing and distribution, educational, healthcare, landfills, recycling, TSDs, transportation, rail yards, manufacturing, industrial, storage tanks, chemical, municipalities, Department of Defense and Department of Energy.
BEING BOLD
Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.
STRIVING FOR BETTER
Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.
DOING THE RIGHT THING
Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.
Claim for extensive soil contamination was made against the insured by the project's owner. After remediation was completed, Beazley worked to indemnify the insured for remediation costs incurred and began working with the insured and its other insurers to prosecute recovery actions against the subcontractor responsible for the incident.
Our insured obtained an ECLIPSE® policy prior to commencing redevelopment of a parcel of land. During excavation, the insured encountered lead and petroleum contaminated soil and building materials suspected to be from previous operations and historic fill. Beazley worked with the insured to investigate and remediate the contamination, achieving regulatory closure within approximately eight months.
Perfluoroalkyl and polyfluoroalkyl substances, commonly referred to as PFAS, are attracting increasing levels of attention owing to their possible association with human health concerns.
An organization’s Environmental, Social and Governance (ESG) score is a measurement of their sustainability and societal impact. In 2015, the United Nations established the 17 Sustainable Development Goals (SDGs) as a framework to help organizations set and measure their ESG goals.
Syndicate 4321 has received Lloyd’s in principle approval to start underwriting from 1 January 2022. Specialist insurer, Beazley has received in principle approval from Lloyd’s to establish Syndicate 4321 from 1 January 2022. Once fully approved the syndicate will focus exclusively on offering additional capacity to businesses that perform well against ESG metrics and will be led by Will Roscoe, Head of the Market Facilities Division.
