What is it? And who should have it?

Environmental Pollution Liability Insurance also known as environmental risk insurance, environmental liability insurance, pollution liability insurance and environmental impairment liability insurance – depending on your insurer the name and what your policy covers could vary.

Basically environmental protection/pollution liability insurance provides businesses with financial protection i.e. loss or damages, against being held liable for unexpected releases of pollutants or events that could harm the environment.

This can cover you for risks arising from your past or current operations, or for instances where you are legally liable. It can include claims for clean-up, bodily injury and property damage arising from pollution.

Who should have it?

Any business that uses or stores chemicals or hazardous materials that could damage the environment or affect another’s property, as well as those who are involved in earthmoving, landfills, mining and the like.

Important to know! Standard business liability insurance often excludes loss or damages caused by pollution. If it is covered it can be limited to third party claims for off-site damage to property and bodily harm.

Policies vary from insurer to insurer best practice is to review your risk and find a policy that provides appropriate cover. Not sure what cover you need talk to your broker and go through a risk assessment to get the right insurance for your business needs.

Summary of Environmental Pollution liability Cover

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^{Disclaimer: this advice is general and not to be relied upon to discuss your individual or business circumstances please get in contact with one of our brokers.}

To talk to us about Environmental Pollution Liability Insurance Call 1300 784 011