| Features for PARLL |
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| - Sudden and gradual coverage for third-party liability claims including on-site bodily injury and property damage |
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| - Defense costs within limits of liability |
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| - Coverage for remediation expense of pollution conditions on, at, under or emanating from covered locations |
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| - Coverage tailored to meet individual specific requirements of insured |
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| - Policy terms up to ten years in duration |
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| - Tail coverage provided for divested property |
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| - Ability to cover underground storage tanks, contingent transportation and non-owned disposal site |
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| - Ability to cover business interruption |
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| - Claims-Made form, typically no retroactive date provision |
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| - Policy trigger defined as discovery of pollution conditions, either first or third-party |
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| - Sixty day automatic extended reporting period; up to three year extended reporting period option |
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| - Additional policy enhancements available for Chemical, Water & Wastewater, Real Estate industries |
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| - Ability to cover known conditions |
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| - Ability to cover property transfer |
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| - Ability to cover mergers and acquisitions |
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| - Sudden and gradual coverage |
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| - Claims-Made form, typically no retroactive date provision |
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| - Policy responds to changing legal standards and provides indemnity for ongoing as well as historical activities |
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| - Bankers/lenders can have their interest in the policy noted |
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| - Defence/appeal costs for mandated remediation requirements within limit of indemnity |
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| - Property rented/sold by the insured can be covered |
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| - Cover can be provided for claims/losses arising from removal of asbestos |
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