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- Environmental liability
In the current legal climate, business owners have greater
responsibility for the environment. The ‘polluter pays’ principle
could make your business liable for the costs of environmental
remediation.
Remediation techniques like excavation, dredging, and soil
vapour extraction are usually protracted and expensive.
And if the first attempt does not succeed: the cost of
complementary, and compensatory, remediation - when the
primary remediation does not fully restore damage - can be
imposed on the polluter.
Environmental liability insurance pays these associated costs,
as well as those of removing risks to human health and restoring
the condition of wildlife and habitats, air quality and water.
Did you know?
Environmental liability insurance is not just for businesses
that handle contaminants? If your business performs work on a site
where contaminants are present, the actions of your business could
incur responsibility for environmental damage.
Contact your local office