What is Environmental Liability
It is balance sheet protection against possible expenses incurred as a result of a pollution incident.
Businesses often expect to find pollution cover under their general liability policy however such policies do not cover the biodiversity damage, statutory clean-up costs, on site clean-up costs, gradual pollution or loss mitigation costs. (see Gaps in cover)
Contrary to wide belief, pollution is not just a consideration of heavy industry such as manufacturing or chemical industries. Pollution can affect any type of business. (see claims examples)
Pollution incidents can cause major financial, social and reputational damage.
Environmental laws and regulation around the world are continually evolving, increasing the potential environmental risk for businesses.
Our team of dedicated underwriting specialists are deployed around the world using their local knowledge and our global network to create single country or multinational programmes, tailored to meet the individual needs of our clients.
Key advantages
- Helping clients plug the gaps in their traditional property and liability insurance policies which have created significant uncertainty
- Providing a flexible approach with cover available as a stand-alone policy or as a cost effective combined general liability and environmental policy
- Offering policies on a multi-year basis
- Offering insurance specifically designed to respond to environmental law
- Providing a fully global solution, including cover for US-based operations
Products
- Premises Pollution Liability – covers locations including foreign operations and subsidiaries
- Contractors Pollution Liability – covers liability arising from the business’ covered operations
- ACE Environmental Protect – combines the covers above in one form.