Environmental insurance should be a routine purchase for any business. However often there is an over-reliance on mainstream commercial insurances when it comes to pollution and damage to the environment.
All it takes is a fire and you can be left with uninsured expenses for clean-up costs to your own property not to mention emergency expenses associated with preventing the resulting spread of pollution to other businesses and land around you. Add liability for gradual pollution, historical contamination of land, and environmental damage to protected species and habitats, and the gaps grow wider.
The Liberty Environmental Damage policy provides cover on a broad, flexible basis for liabilities arising from pollution or environmental damage (as defined by the Environmental Liability Directive) caused by the insured business activity (their properties, their work on third party land and transportation exposure). Extensions to cover include an imminent threat of damage trigger along with optional historical liability and increased cost of working extensions. The product is designed to be easy and quick to buy and does not necessarily require any previous environmental assessments or investigations.
Pollution Legal Liability
Cover is provided for owners and operators of land and industrial sites throughout the world designed for a single property or even a global portfolio. Cover includes clean up, third party bodily injury and property damage, and legal defence costs resulting from pollution whether it occurs during or before the policy period if cover purchased. Extensions to cover can include business interruption, loss of rent and transportation.
Contractors Pollution Liability
Cover is provided to protect against liabilities arising from pollution conditions caused or exacerbated by contracted operations on a claims made or occurence basis including clean up, third party bodily injury and property damage, and legal defence costs. Policies may be purchased by contractors (either as a Project or Practice basis) or by the client as part of an owner’s controlled programme.
Contractors Operations and Professional Services
Cover is provided for Professional Indemnity and Contractors Pollution Liability exposures on a combined or stand alone basis. Designed for environmental consultants or contractors, the policy provides for compensatory damages and legal costs arising from a breach of professional services; and / or third party liabilities (clean up or property damage / bodily injury) arising from or pollution caused by operations undertaken by the insured. Extensions to cover can include loss of documents cover, court attendance compensation, liabilities arising from the new Environmental Liability Directive and the liability of Directors and Officers of the insured.