Top 7 Opportunities and Obstacles in Negotiating Pollution Coverage

Pollution Legal Liability (PLL) policies are useful in many circumstances to mitigate environmental liabilities. They can be used to help protect a buyer of property with a lengthy history of use of hazardous substances from losses and liabilities not detected during due diligence, to backstop an environmental indemnity obligation as part of an asset purchase or settlement agreement, or to allay concerns about a company's potential environmental liability at legacy sites.