Environmental LiabilityCovers environmental damage caused by your business activities. Comprehensive protection
Highlighted Coverages
- Prevention expenses
- Avoidance expenses
- Cleaning expenses
- Defense expenses
- Liability for accidental pollution
Detailed Information
- FOR WHOM?
Anyone who carries out an economic activity is subject to this responsibility. In particular, we recommend this product for those companies that handle and/or transport dangerous goods that could harm the environment.
- WHY?
The main purpose of this product is to comply with the principle of prevention and that 'the polluter pays', in accordance with article 45 of the Spanish Constitution.
According to Law 26/2007 on Environmental Responsibility, a classification by level of priority is established for those activities that must have a financial guarantee to face the costs derived from taking prevention, avoidance and repair measures of environmental damage. Said guarantee can be in the form of a guarantee, technical reserve or insurance policy.
- COVERAGES
Prevention expenses
Covers the cost of implementing the preventive measures needed to avoid environmental damage before it occurs. This coverage helps the company comply with prevention regulations and minimize the risk of harming the environment.
Avoidance expenses
Covers the expenses of avoidance measures taken to minimize or eliminate the effects of an environmental incident once it has occurred, preventing further damage to the natural environment.
Cleaning expenses
Covers the cleanup and restoration costs needed to reverse environmental damage caused by a pollution incident. This includes decontaminating soil, water and other areas affected by the company's activities.
Defense expenses
Covers the legal costs of defending the company against claims or lawsuits related to environmental damage, including attorney fees and other court costs.
Liability for accidental pollution
Covers the company's liability for environmental damage caused accidentally. This coverage protects against third-party claims for accidental pollution of the air, water or soil resulting from the company's business activities.
- REAL CASE?
A truck that carries out the transport of dangerous goods dumps one of the containers into a river. In this case, there is no natural or legal person affected.
We are faced with an environmental responsibility in which the Public Administration will be the one to claim us. Thanks to this insurance, the defense and cleaning expenses that arise will be covered.
- Frequently Asked Questions
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General questions about InsurCEO
What InsurCEO is, which insurance lines we manage, and how we work as a brokerage specialised in businesses.
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The basics: how insurance works
Premium, deductible, policy wording and exclusions: the concepts worth understanding before taking out a policy.
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Taking out and maintaining a policy
Risk disclosure, endorsements, renewal and what to do when your company's activity or revenue changes.
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When a claim happens
How a claim is reported, what a loss adjuster does, and your options if you disagree with the payout.
Answer a few questions about your business and we'll show you the options. If you'd rather talk it through, we'll call you.
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