Schechner Lifson Corp., a preferred provider of insurance and safety management services for the stone industry, in conjunction with an A+ insurer, are introducing a pollution liability policy which includes coverage for radon and silica, according to the Marble Institute of America (MIA).
The policy, available first for MIA-member stone fabricators, installers and distributors, is the first to offer coverage for radon and silica exposure, said Marc Rosenkrantz, President of Schechner Lifson Corp., a long-time MIA member and prominent educational sponsor. Standard liability policies will not cover pollution claims or the defense of alleged claims, he said.
“This policy will enable fabricators, installers and distributors to insulate themselves and their businesses in the event of a suit or loss in cases involving radon and silica,” explained Rosenkrantz.
“Considering the current issue regarding possible radon emissions from granite countertops, this new policy is very important for the industry,” said Gary Distelhorst, Executive Vice President of the MIA.
Limits available for the pollution coverage range from $1,000,000 per occurrence up to $10,000,000, with a $5,000 deductible. Premiums are as low as $3,000 per year with a three-year commitment. A three-year liability loss history is required to quote.
The new pollution policy, available to all MIA members, will be serviced and handled directly through Schechner Lifson Corp. There will be preferred pricing for MIA-accredited fabricators and contractors.
For further information, contact Marc Rosenkrantz at Schechner Lifson at 908-598-7813.