Your risks, our solutions for environmental consultants - Zurich

Your risks, our solutions for environmentalconsultantsWith today’s tight business deadlines and operating margins, you face increasing time and costpressures from clients. For example:Time ran out but the contamination didn’t: A large home retailer was buying numerous sitesfor new store locations. An environmental consultant was hired to perform Phase I evaluations onall of the sites. Due to internal personnel changes, the report was sent over without completing thelast site’s evaluation, where several old underground storage tanks containing hydraulic fluid werediscovered.Clean up cost liabilities for the consultant: $1 million plusClient cuts corners to save costs: A developer needed to perform a Phase II assessment after anearlier Phase I assessment had identified several areas of concern. The environmental consultantrecommended a total of 50 borings with several samples per boring. Due to the cost, the developerrequested the consultant to cut the borings in half. A heavy oil contaminant in the ground was notfound until development began. Litigation and clean-up cost liabilities for the consultant: $1 million.In these types of scenarios, professional liability coverage may not be enough.Zurich delivers when it mattersTo help provide you with the seamless coverage you need, Zurich developed the ProfessionalEnvironmental Consultant’s Liability Policy. This policy combines elements of Errors andOmissions coverage (E&O) with Contractor’s Pollution Liability. This policy is particularly suitedfor the risk needs of:• Environmental engineers and consultants• Industrial hygienists and indoor air quality consultants• Environmental laboratories• Environmental contractors with in-house engineering/consulting capabilitiesZurich also offers the financial strength you need in today’s challenging environment. Zurich FinancialServices Group has a conservative, well-diversified portfolio of Group investments of roughly $180billion (as of December 31, 2008). Our investment strategy has been to manage assets to liabilitiesrather than maximizing return on assets. This conservative approach puts us in a good position toweather the current market turmoil.

This is intended as a general description of certain types of insurance and services available to qualified customers throughthe companies of Zurich in North America. Your policy is the contract that specifically and fully describes your coverage. Thedescription of the policy provisions gives a broad overview of coverages and does not revise or amend the policy.Insurance coverage is underwritten by Zurich Insurance Company and other insurance company subsidiaries within theZurich Financial Services Group including, in the US, Zurich American Insurance Company and its licensed underwritingsubsidiaries. Certain coverages not available in all states. Some coverages may be written on a nonadmitted basis throughlicensed surplus lines brokers. Insurance product obligations are the sole responsibility of each issuing insurance company.For example, only the assets of Zurich American Insurance Company (and no other assets of the Zurich Financial ServicesGroup) are available to meet its obligations for the performance of its products. This information is consolidated ZurichFinancial Services Group financial information as of December 31, 2008, and is not audited. For more complete financialinformation, audited annual statements of the Group and information on the ratings of the underwriting companies ofZurich in North America, access www.zurich.com. No assurances can be given, and we make no representations, that suchinformation has, or has not, changed since December 31, 2008.© 2009 Zurich American Insurance Company