What is Environmental Liability Insurance?

Environmental impairment products help to protect against four potential losses arising from a pollution incident:
● Clean up costs – this can be the main expense and is the cost of removing contaminants and pollutants. It can also include the clean-up of a third-party site, including a waterway or crown land.
● Costs of mitigation and emergency response.
● Public relations and crisis containment expenses.
● Costs incurred through Environmental Protection Authority (EPA) orders, including costs that the EPA incurs itself.

Why do I need it?

It all sounds, and is, very expensive so ensure that the right financial protection is sought by the appropriate insurance cover.

The financial and business interruption implications following an environmental incident can be significant, especially when the event generates substantial publicity. Tough legislation, media attention and keen community awareness, along with the possibility of delayed, ‘long-tail’ claims, make businesses of all kinds increasingly vulnerable either as the cause of the pollution or as the victim of natural disaster.