The Pollution Solution

摘要

In recent years a new surge has happened on the environmental and water well drilling market. More and more large corporations, oil conglomerates, and municipalities have begun requiring a new type of insurance on your resume. They call this new costly credential "contractors pollution liability insurance." The average rate for this insurance is $2500 per one million dollars of coverage. The coverage can become quite costly if the job you are working requires you to purchase five million dollars worth of insurance. At this rate, five million dollars worth of coverage is going to cost you about $12,500. And guess what? The coverage your client is asking for isn't covered in your usual general liability policy that you already shell out thousands of dollars for. How are you going to work that extra $12,500 into your job's budget? It might be difficult. The client requires you to buy it. To make matters worse, you are not even sure what it is you are purchasing exactly. Can you afford not to buy it?