Aon launches water contamination insurance

Aon has launched water resilience insurance for water utilities across the globe.
The insurance provides compensation in the event of malicious water tampering, accidental contamination and extortion.
It also takes into account real-life scenarios not typically covered, such as costs involved when “boil notice” or “avoid consumption notice” have to be issued.
Additionally, the coverage addresses subsequent losses involved with goodwill payments and alternative mass distribution, including providing bottled water.
Coverage is also provided for the traditional elements of contamination insurance, including costs for forensic analyses, cleaning and flushing of the water system, transportation costs and employee overtime.
It also provides cover for third-party financial losses, such as when customers incur loss of gross profits or extra expense due to contaminated water they are using to produce or treat their products with.