Navigation Links
American Wholesalers Underwriting Ltd Adds Environmental Protection to Wholesalers Insurance Program, WIP(R)
Date:2/3/2010

STAMFORD, Conn., Feb. 3 /PRNewswire-FirstCall/ -- American Wholesalers Underwriting, Ltd., a specialized program administrator, today announced the availability of environmental insurance coverage in its "Wholesalers' Insurance Program," or WIP, a comprehensive insurance program targeting the durable and non-durable goods wholesale distribution industry.

American Wholesalers Underwriting, Ltd. has partnered with the XL Insurance's Environmental group to create an environmental insurance program specifically designed for wholesalers providing coverage for pollution liability and clean-up expenses including remediation expense, bodily injury and property damage, and legal defense for pollution conditions resulting at or from an insured warehouse or distribution center. The coverage is provided by XL Insurance's Greenwich Insurance Company, one of the member insurers of the XL Capital Ltd group of companies. XL Insurance's Environmental group has more than 25 years of experience in underwriting, risk management and claims management of environmental risks.

According to American Wholesalers Underwriting Chief Operating Officer John Shea, "Warehouses and distribution centers are often tasked with storing or moving products that could pose pollution risks. Therefore, not only do they have to pay close attention to the proper storage and handling of possibly harmful materials, they need to protect themselves from the costs associated with cleaning up a spill or other environmental incidents."

Common environmental risks faced by warehouses and distribution centers include:

-- Spills or leaks during the loading or unloading of materials from trucks and railcars

    -- Contamination as a result of a fire at the facility
    -- Waste from on-site vehicle or forklift maintenance and storage
    -- Gradual leaks from containers stored at the facility

"Environmental incidents tend to be high cost events that can severely impact a wholesaler's profitability," said Mr. Shea. "This program offers wholesalers an affordable option to enhance their environmental risk management efforts with insurance that can help quickly and effectively address an environmental incident should it occur."

WIP is a national insurance program designed to meet the needs of the durable, non-durable, and food distribution industries. In addition to environmental insurance coverage, XL Insurance's North American Program group provides WIP with property, inland marine, auto, general liability, and umbrella coverages with numerous industry specific extensions. Workers' compensation is also available. These industries encompass a broad scope of Standard Industrial Classifications ranging from 5000-5199 including motor vehicle supplies, industrial supplies and equipment, material handling equipment, metal services, electrical and plumbing, hardware, and food and beverage distributors. Available in all 50 states, coverages and limits are tailored to meet individual distributor's specific risk management needs.

ABOUT AMERICAN WHOLESALERS UNDERWRITING

American Wholesalers Underwriting, Ltd. is an experienced program administrator and underwriter that serves retail insurance agencies nationally. Notably, through its WIP programs it has written insurance products for the durable and non-durable goods distribution industry for over 15 years. For more information, please contact John Shea, COO, at John.Shea@AWUL.com.

ABOUT XL Insurance

"XL Insurance" is the global brand used by member insurers of the XL Capital Ltd (NYSE: XL) group of companies. More information about XL Insurance is available at www.xlinsurance.com. XL Capital Ltd, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis. More information about XL Capital Ltd is available at www.xlcapital.com.

    Contact:
    John Shea
    WIP
    203-322-6924
    John.Shea@AWUL.com

SOURCE XL Insurance

RELATED LINKS
http://www.xlcapital.com

'/>"/>

SOURCE XL Insurance
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. American Red Cross and Other U.S. Blood Centers Send Blood to Haiti
2. Company Dedicated to Protecting American Homes Reaches Out To Haitians Who Have Lost Theirs
3. American Heart Month Recognized Feb. 1-28, 2010
4. Life Line Screening Supports the American Heart Association's 'Go Red for Women' Event in Denver, Colorado
5. NVHR: Administrations 2011 Budget Proposal Shortchanges Five Million Americans Afflicted with Chronic Viral Hepatitis
6. Valicom Announces North American Launch of telecom Expense Management Software Clearview
7. American Men are Losing Their Vitality
8. Brain Damage: NFL ‘Gets It,' American Society of Anesthesiologists Still Appears ‘Asleep'
9. Statement From American Heart Association CEO Nancy Brown on President Obamas State of the Union Address
10. American Podiatric Medical Association Podiatrists Perform Life-Saving Amputations in Haiti
11. NVHR Issues Challenge to Administration, Congress: Dont Leave 5 Million Americans Afflicted with Chronic Viral Hepatitis Out in the Cold with Budget Freeze
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... June 25, 2016 , ... ... recover from injury. Recently, he has implemented orthobiologic procedures as a method for ... is one of the first doctors to perform the treatment. Orthobiologics are substances ...
(Date:6/24/2016)... Michigan (PRWEB) , ... June 24, 2016 , ... Those ... deal with these feelings, many turn to unhealthy avenues, such as drug or alcohol ... of Marne, Michigan, has released tools for healthy coping following a traumatic event. , ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... Global law ... magazine’s 2016 Legal Elite. The attorneys chosen by their peers for this recognition are ... , Seven Greenberg Traurig Shareholders received special honors as members of this year’s Legal ...
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. are sharpening their ... Award, an essay contest in which patients and their families pay tribute to a ... the 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. ...
(Date:6/24/2016)... Frederick, Maryland (PRWEB) , ... June 24, 2016 ... ... Mid-Atlantic Angels is actively feeding the Frederick area economy by obtaining investment capital ... support over the past 2½ years that have already resulted in more than ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... 2016 Research and Markets has ... by Type (Organic Chemical (Sugar, Petrochemical, Glycerin), Inorganic Chemical), ... Parenteral) - Global Forecast to 2021" report to ... The global pharmaceutical excipients market is projected to reach ... 6.1% in the forecast period 2016 to 2021. ...
(Date:6/23/2016)... , June 23, 2016 ... CAPR ), a biotechnology company focused on ... today announced that patient enrollment in its ongoing ... Duchenne) has exceeded 50% of its 24-patient target. ... in the third quarter of 2016, and to ...
(Date:6/23/2016)... and INDIANAPOLIS , June 23, 2016 ... Lilly Diabetes Tomorrow,s Leaders Scholarship is any indication, the ... announced today online at www.diabetesscholars.org by the ... diabetes stand in the way of academic and community ... Foundation,s scholarship program since 2012, and continues to advocate ...
Breaking Medicine Technology: