What is Third-Party AutoGuard Pollution Coverage? And who is it for?
Third-party AutoGuard Pollution Program Insurance is a type of insurance policy designed to protect automobile owners and operators from third-party liability claims and lawsuits arising from pollution incidents caused by automobiles.
This insurance program is particularly important for businesses that operate fleets of automobiles, as they may be more vulnerable to pollution events that could end up harming human health and the environment.
Pollution incidents can be extremely costly to clean up and can also result in significant legal and financial liabilities.
By purchasing this type of policy, vehicle owners, transport businesses and fleet operators are pushed to practice Environmentally Responsible Behavior (ERB), enabling them to take proactive steps to prevent pollution from occurring in the first place.
For example, automobile owners and operators may take steps to properly maintain their vehicles, store hazardous materials securely, and train their employees to handle hazardous materials safely.
These actions not only help to prevent pollution incidents, but also demonstrate a commitment to responsible environmental practices, which can have a positive impact on the reputation of the business.
Quite often this coverage can be purchased as an add-on to an existing auto insurance policy.
Coverage Highlights
AutoGuard Pollution Program Insurance policies typically cover a range of pollutants, including oil, fuel and other hazardous materials that may be released from an automobile during an accident. The policy provides coverage for both accidental pollution incidents caused by an insured automobile.
The coverage includes:
- The cost of cleanup and restoration of the affected site
- Compensation for any personal injuries or property damage resulting from the pollution incident
- Legal expenses incurred in defending against any lawsuits or claims filed by third parties.
The cost of AutoGuard Pollution Program Insurance varies depending on several factors, including the type of automobiles covered, the level of coverage required, and the location of the insured vehicles.
However, the cost of this type of insurance is typically relatively low when compared to the potential financial losses that could result from accidents and mishaps.