Independent Lubricant Manufacturers Association (ILMA)
Insurance Program
Insurance Coverage Exclusive to ILMA Members – Going Beyond Industry Standards
Established specifically for Independent Lubricant Manufacturers Association (ILMA) members, the ILMA Insurance Program delivers specialized coverage designed to address the unique operational and environmental exposures within the lubricants and metalworking industry. Members gain access to a dedicated platform that brings together tailored insurance solutions, industry‑leading tools, and strategic guidance to help manage risk and strengthen loss control.
With more than 150 years of combined environmental and underwriting experience, Axon’s team of former carrier executives, environmental engineers, senior underwriters, risk managers, and legal professionals collaborates with ILMA leadership to deliver creative, comprehensive, and competitive coverage for ILMA members.
COVERAGE DETAILS
Environmental and General Liability Exposures (EAGLE)
Primary General Liability form with added insuring agreements for pollution-related coverages including site liability, products pollution, non-owned disposal sites, transportation and contractor’s pollution liability.
Excess Liability
Limits up to $25 million over the primary program, including or excluding pollution liability, auto liability, employers’ liability and foreign liability with $1 million minimum underlying limit.
Auto Liability
Auto liability available upon request, with limits up to $1M.
PIER (POLLUTION INCIDENT & ENVIRONMENTAL RESPONSE):
- Provides all insureds with around the clock emergency response services
- Each provider within the PIER network has been rigorously vetted and pre-qualified
- Pre-negotiated discounted rates for a network of: Emergency response contractors, disaster recovery and restoration forms, environmental consultants, industrial hygienists, waste disposal firms and investigative services ready to assist during every stage of an environmental incident
CLAIMS EXPERTISE
- AIG Environmental’s claims operation, with 80+ claims specialists, is the largest in the industry. The depth and breadth of the operation means devoted expertise to environmental claims of all types.
- Nationwide Network for Immediate Response
DEDICATED UNDERWRITING
Axon’s specialized team of insurance professionals provide ACD members with creative, comprehensive and competitive insurance solutions, on an exclusive program platform.
Axon’s underwriters leverage chemical industry knowledge and collaborate with ACD leadership to address exposures unique to ACD members.
Axon is an established Program Administrator that has over 150 years of combined environmental experience, which includes a staff comprising of former insurance carrier executives, environmental engineers, senior environmental underwriters, environmental risk managers, and in-house legal professionals. Axon has the industry experience, high-efficiency platform, and multi-disciplinary underwriting knowledge needed to provide our brokers and clients best-in-class underwriting.
CRISIS RESPONSE:
- Allows a company to act swiftly to mitigate losses and prevent reputational damages by providing immediate access to funds needed to expedite recovery in the event of a potentially catastrophic environmental crisis.
- Provides up to $250,000 additional limits outside of the policy limit
- Covered expenses may include temporary living expenses, travel expenses, psychological counselling, medical and funeral expenses.
