What type of environmental liability coverage does my company need?

By law, environmental damage and deterioration generate liability for any business entity that causes it. Therefore, before starting any type of project that may have an impact on the environment, it is important to acquire a type of insurance to avoid possible mishaps.

Often this type of damage is not considered until it is too late, as environmental impacts can be caused at various steps in the production chain, from supply operations and personnel activity, to product generation and transportation, and even by customers.

There are different coverage options for these incidents:

Civil liability for pollution
Liability for remediation costs
Liability for damage to natural resources
Defence expenditure
Transport

By assessing risks and ranking them based on impact and likelihood, you will have clarity on potential losses and the best options to address eventualities. At the same time, your business can improve in terms of environmental footprint reduction, which is also favourable for your reputation in the market.

We are at a key moment for environmental care and the mishandling of such a crisis can be disastrous for a company and its environment. It should be noted that a claim for environmental damage can come from either a legal entity or an individual.

We offer you our expertise to design an environmental risk management programme that identifies, assesses, quantifies and prioritises the respective environmental risks to your business. Please do not hesitate to contact us to discuss your project and provide you with a quotation: