3rd Party Pollution Liability
From its genesis in 1972, OIL has offered its members 3rd party pollution liability coverage. Coverage is provided for legal liability (including punitive damages) or contractual liability of members for personal/bodily injury, loss of or damage to property arising from a seepage, pollution or contamination incident (subject to the terms, conditions and exclusions of the policy). Coverage is provided on a Non-Gradual basis subject to a 40 day discovery/120 day reporting requirement. Many members rely on the pollution coverage provided by OIL and the $400 million block of capacity as a critical part of their insurance programs.