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Railroad Coverage Focuses on Environment

Expect carriers to roll out new endorsements and expand coverage for railroads to address pollution risks brought to the forefront by an increase in rail accidents. The deadliest Canadian rail accident since 1864 occurred last July when a 74-car train carrying crude oil derailed near Lac-Megantic, exploding and causing devastating fires that resulted in 48 deaths. Remediation of the contaminated area could take up to five years, including the clean-up of an estimated 100,000 liters of oil spilling into the nearby river. While coverage for rail companies has been fairly adequate, coverage for communities affected by accidents has gone unheeded, prompting carriers such as Hudson and Zurich to begin offering products and services to protect rail companies after environmental accidents.

Hudson implemented three new endorsements in April — the Evacuation Expense Coverage, the Limited Seepage and Pollution, and the Pollution Coverage — to broaden its Railroad Protective policy. These endorsements add coverage to the cost of evacuating parties in the case of seepage, pollution, and contamination that create dangerous or uninhabitable areas. (9-22-14)

123ocp (RRP)

Administered By: Alliant Specialty Ins. Services

Distribution: Program Administrator

Industries:	Contractors, Railroad

Carriers: Hudson Specialty Insurance Co.

Coverage: Excess, Railroad Protective Liability, Umbrella/Excess

Limits: $1 million/$3 million - $5 million/$10 Million

Administered By: Arch Insurance Group

Distribution: Direct/Broker

Industries:	Railroad

Carriers: Arch Insurance Co., Arch Specialty Insurance Co.

Coverage: Commercial Auto, Excess, General Liability, Railroad Protective Liability, Umbrella/Excess, Workers' Compensation

Limits: up to $25 million (Excess), up to $20 million (Primary)

Railroads

Administered By: XL Catlin

Distribution: Direct/Broker

Industries:	Railroad

Carriers: XL Insurance Co.

Coverage: Excess, General Liability, Liability Insurance, Railroad Protective Liability, Umbrella/Excess

Limits: up to $25 million

ACE Tracks

Administered By: Chubb Ltd. (Formerly ACE Group)

Distribution: Carrier Direct

Industries:	Railroad

Carriers: Ace Westchester

Coverage: General Liability, Railroad Protective Liability

Limits: up to $25 million

LIU Railroad

Administered By: Liberty Intl Underwriters

Distribution: Carrier Direct

Industries:	Railroad

Carriers: Liberty International Underwriters

Coverage: Commercial Property, Excess, General Liability, Liability Insurance, Railroad Protective Liability, Umbrella/Excess

Limits: up to $25 million (Liability), up to $10 million (Property), up to $5 million (General Liability)

Rail Servicing Liability

Administered By: Zurich

Distribution: Carrier Direct

Industries:	Railroad

Carriers: Zurich

Coverage: Commercial Auto, Excess, General Liability, Umbrella/Excess

Limits: $1 million - $5 million (General Liability - Per Occurrence ), up to $25 million (Umbrella/Excess - Per Occurrence )

Railroad Operations

Administered By: Zurich

Distribution: Carrier Direct

Industries:	Railroad

Carriers: Zurich

Coverage: Excess, General Liability, Liability Insurance, Umbrella/Excess

Limits:

Railroad Property

Administered By: Zurich

Distribution: Carrier Direct

Industries:	Railroad

Carriers: Zurich

Coverage: Commercial Property, Excess, Umbrella/Excess

Limits:

Railroad Protective Liability

Administered By: Zurich

Distribution: Carrier Direct

Industries:	Contractors, Film Risks, Railroad

Carriers: Zurich

Coverage: Excess, Railroad Protective Liability, Umbrella/Excess

Limits: up to $2 million/$6 million (Basic Limits - Higher Limits Available)

Railroad

Administered By: AmWINS Group, Inc.(Casualty)

Distribution: MGA

Industries:	Railroad

Carriers: AmWins Group, Inc

Coverage: Business Interruption, Earthquake Liability , Flood, Primary and Excess, Property

Limits: up to - $50 million