Lead poisoning has been characterized as the number one environmental threat to the health of children in the United States. Recent state and federal regulations are helping to alleviate the problem, but the “solution” is placing an immense financial burden on building owners, landlords, and paint manufacturers. Many individuals and businesses shouldering this financial burden, however, may not be aware that they already have purchased liability insurance to cover lead‐based paint liability. A survey of applicable lead‐based paint insurance coverage cases indicates that many types of standard form liability insurance policies cover not only defense and indemnity costs of lead‐poisoning personal injury actions, but also costs expended in abatement of lead‐based paint hazards.