As a result of changing legislation and growing awareness of the environmental impact on health and the planet, there is now arguably unprecedented pressure on every organisation to behave in a socially, ethically and environmentally responsible manner.
Both mid-tier and large companies from many different industries
The common misconception is that all environmental risks relate to oil spills – but this is not the case for most businesses. Your clients have an environmental risk if they:
At ACE, our environmental impairment liability proposition is flexible and we tailor it to meet the needs of companies in different market segments, namely:
In most cases, the majority of the cost of an environmental incident is dedicated to clean-up the contaminated zone.
Insurance, provided under property and casualty policies, offers limited coverage to address the possible effects of an environmental incident.
ACE responds to these gaps in cover by offering companies three broad types of environmental impairment liability coverage:
" ACE is one of the few carriers in the environmental risk market that can deliver local policies across the world and provide a compliant multinational programme ."
Dorothée Prunier - Environmental risk manager for Continental Europe
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