What makes our Environmental liability insurance different
Environmental liability insurance protects the assets of a company resulting from it causing unexpected damage to the environment and to natural resources. Design tailor-made protection for your company with a wide range of coverage options that are simple to take out.
What Environmental Liability insurance covers
It includes the following benefits and cover for expenses:
- Advice on prevention measures to avoid imminent environmental damage.
- In the event of environmental damage, the necessary measures are taken to prevent further damage.
- Restoration of damaged natural resources.
- Decontamination of the soil in which the activity is carried out, which may involve:
- Recovery of contaminated land.
- Demolition, transfer and deposit of goods that must be removed or demolished to decontaminate the land.
- Transfer, deposit and destruction of contaminated land.
- Defence of the insured party, in any legal proceedings, for their insured responsibility, covering fees and expenses.
- The constitution of the court bonds required from the insured party to guarantee his/her insured responsibilities, as well as his/her provisional release in criminal proceedings.
- The coverage of damage due to accidental and sudden contamination is guaranteed, provided that the period from the start of the emission until the existence of the contamination caused by the pollution is reliably discovered is less than 120 hours.
- Claims for damages to third parties, derived from contamination insured, including damage to employees, with certain limits, are covered.
- It is liable for bodily, moral and material damages, as well as for civil liability damages for pollution.
FAQs
This insurance is designed for all companies, as any activity is susceptible to cause accidental pollution. However, the policy is particularly geared towards those companies whose activity involves an environmental risk.
The Environmental Liability Act does not distinguish between activities, so any professional economic activity is subject to its precepts.
No, general civil liability insurance does not cover environmental liability.
There are two ways of taking out this insurance:
- Environmental responsibility for pollution, which protects soil, water, spaces and protected habitats.
- Civil liability for accidental contamination, which protects people, goods and loss of earnings.