CBG Insurance Brokers Ltd
Pollution & Environmental Control
Are you aware of and indeed keeping pace with increasing amount of new regulations sweeping throughout the EU?
This new legislation and increasing governance requires all business both large and small to consider the environmental issues facing their businesses both now and in the future.
Traditional Public Liability policies provide very limited and often totally inadequate cover for pollution liabilities.
The legal position is ‘the polluter pays’ so if you have caused the pollution there is no escape and you will be responsible for the legal costs and ultimate remediation of the contamination which may or may not be on your land.
Where the polluter cannot be traced, property owners and developers are faced with enormous costs associated with former industrial land.
The law is not straightforward and a recent case where the polluter was still in business actually required the developer to pay for the clean-up costs.
Environmental Impairment Liability
Environmental Impairment Liability is an insurance policy and covers a range of solutions ranging from traditional risk transfer of simple risks to bespoke solutions for complex risks.
- Coverage for gradual as well as sudden and accidental pollution conditions
- Coverage for historic conditions and operational exposures
- On-site clean-up of the pollution
Cover is available for sudden and accidental first and third party environmental liabilities.
