Asbestos Liability Coverage
www.crumpenv.com
Because legacy asbestos claims and liabilities continue to threaten the financial well-being of many U.S. companies, Crump has
developed a new insurance product that is designed to cover these liabilities over the long term.
Crump Asbestos Liability Coverage controls and removes the uncertainty of “asbestos overhang” on future business
performance and provides greater stability to companies facing the effects of asbestos liability litigation.
Target Classes
• Small to medium sized U.S. based asbestos risks
Available Coverage
• Asbestos-related personal injury liability
• Products liability claims
• Premises & Completed Ops Coverage (available)
• Future claims (IBNR) including defense costs, indemnity expense
• Ground up & excess programs structures - Gap coverage/replacement coverage
Program Highlights
• Proprietary database and underwriting model - our carrier maintains an asbestos database that contains information from
hundreds of asbestos defendant companies and millions of unique records. The database allows underwriters to analyze
a large population of data and to identify microeconomic and macroeconomic factors that may impact a particular
asbestos defendant, as well as compare the insured’s experience against similiar peer groups.
• Policy covers agreed exposure periods from 1920’s to 1985
• Multi-year protections out to 2054
• Value of historical coverage can be monetized or contributed as “credit” toward premium cost
• Active claims management for “ground up” programs
Premium Payment Options
• Fixed, upfront premium, premium financing available, policy termination option available
• Can facilitate M&A, spinoffs and acquisitions with asbestos risk protections
Parameters
• Limits up to $20mm per policy - Higher limits available
• Solutions are tailored to the individual risk
Availability
• Nationwide
Contact
Your local Crump Broker
Atlanta, GA Bermuda Dallas, TX Houston, TX Livingston, NJ Memphis, TN New Orleans, LA Orlando, FL San Francisco, CA
770.998.7898 441.279.6239 214.363.7636 713.758.1700 973.758.1700 901.255.6161 504.833.2002 407.678.4552 Spear St. 415.391.3080
California St. 415.986.5050
Austin, TX Chicago, IL Denver, CO Irvine, CA Long Island, NY Nashville, TN New York, NY Portland, OR Seattle, WA
800.420.2079 312.855.2000 303.386.8020 949.681.1200 631.273.7700 615.885.0146 212.232.5500 503.768.3001 425.489.4555
CA License 0F44166 www.crumpins.com FS-CRUMP-ENV-ALC-011609