Coverage protects the Insured against liability for bodily injury, property damage and clean-up costs arising out of spills that occur in the course of transit by rail, air, auto or vessel. Defense cost coverage is also provided. Many times transporters fulfilled this paperwork requirement but evidenced insurance for environmental liabilities with a bonding mechanism, not true insurance. Without OSL, the Insured relies on the financial security of the vendor. Owners Spill Liability is designed to meet the compulsory proof of insurance requirements imposed by EIHW for exporters and importers of hazardous waste.
Transportation can be by auto, air, rail or watercraft.
Coverage is worldwide, including bluewater. Inc. All Rights Reserved.