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Environmental risks can jeopardize loan collateral. Protect your portfolio.
With more than 25 years in environmental insurance, Markel provides tailored solutions to help lenders and financial institutions protect collateral from pollution-related losses and the financial impacts that can result when a loan defaults due to a pollution condition at the secured property.
Flexible coverage to help shield lenders.
At Markel, we help lenders manage the financial impacts of loan defaults caused by pollution conditions. Our policies safeguard collateral value and give you confidence knowing your investments are protected from environmental risks.
Why is lenders collateral protection and environmental insurance important?
Lenders face potential financial loss if properties used as collateral lose value due to a discovered pollution condition. Lenders collateral protection and environmental insurance helps safeguard lenders’ economic interests by covering cleanup costs, as well as bodily injury or property damage that may arise following a loan default. Whether you’re structuring an individual loan or managing a portfolio program, this coverage can help protect your interests, support a smoother loan process, and even provide borrowers with a lower-cost closing option to address environmental concerns.
What we offer
Markel offers lenders' collateral protection and environmental insurance for many types of businesses and loans, including but not limited to:
Businesses
- Financial Institutions
- Banks
- Savings and loan companies
- Credit unions
- Capital market lenders
- Life insurance companies
- Any financial institution which originates commercial real estate backed loans
Loans
- Acquisition
- Refinance
- Bridge loan
- Single site or portfolio transaction
Markel offers specialized coverage to help lenders and lending institutions manage the unique environmental risks they face. Some coverages available include*:
Non-owned disposal sites (blanket coverage with broad definition)
Helps protect your business from environmental risks linked to disposal sites you don’t own but have used. It applies broadly to multiple sites all at once, without listing each site separately, helping you manage your risk more easily.
Business interruption expense
Business interruption expense coverage reimburses lost income and additional expenses if a pollution event at—or migrating from—a covered site disrupts your operations. This coverage applies when the pollution incident triggers cleanup costs and meets policy conditions, helping your business recover financially while you restore operations.
Transportation pollution liability
Helps contractors if there is a pollution event during loading, transit or unloading, by the contractor or a third party, and can help protect against cleanup costs, property damage and third-party injury.
*Coverages offered vary and may not be available to all risks.
Whether covering a single loan or a portfolio program, Markel has coverage options designed to help.
Single loan policies
Utilized when lender has an environmental concern on the collateral property and borrower cannot provide financial guarantee to lender.
Benefits include:
- Supplies lender with a dedicated environmental liability policy that can help protect their collateral value.
- Provides a tool to help lenders get comfortable with environmental risks on the collateral property to help them to make the loan.
- Offers lenders lower cost option to present to, or accept from, borrower to address the environmental concern on the property.
Portfolio programs
Utilized by lenders when they are looking for an alternative risk management tool to transfer their environmental risk to a financially sound insurance company rather than trying to identify the risk with an environmental report.
Benefits include:
- Provides lender with a true risk transfer mechanism for their environmental risk.
- Streamlines the loan process by providing a faster turnaround time on loans.
- The cost of environmental insurance is typically less than the cost of other financial guarantee mechanisms.
Dedicated and responsive claims team
Markel’s environmental claims team combines industry knowledge with a people-first approach. Our team is empowered to act quickly and confidently, providing dependable support when it matters most.
Insurance built on experience—and designed for you
Backed by more than 25 years of environmental insurance experience, Markel offers flexible, menu-driven insuring agreements that can stand alone or be bundled with other environmental products, giving you the freedom to build coverage around your unique needs.
Access to in-house specialists
Our Risk Solution Services team understands the complexities of environmental exposures and provides tools to help assess and manage risk. Policyholders also get 24/7 access to our app, connecting them to 3,000+ qualified spill-center contractors for fast, effective support—anytime, anywhere.
We're here to help you protect yourself from financial losses.
For over 25 years, Markel has been a trusted partner in the environmental industry—delivering innovative insurance solutions, proactive risk management, responsive claims service and exceptional customer support. Ready to take the next step? Contact us today to learn more.
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Contractors pollution liability
Helps protect against environmental hazards and can be easily packaged with other Markel products for efficient, flexible coverage.
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Contractors pollution and professional liability
Tailored for environmental professionals, this coverage helps protect against claims from services like consulting, remediation and site assessments—including errors, omissions and misrepresentation.
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Site pollution and environmental coverage
Environmental risks can emerge when you least expect them. We offer flexible coverage to help protect against pollution exposures, easily bundled with other insurance solutions to suit your business.