ENVIRONMENTAL INSURANCE

• Coverage of remediation costs for pollution on, at, or emanating from insured locations.
• Coverage for remediation costs for claims from governmental agencies for pollution on, at, or emanating from the insured locations.
• Third-party insurance coverage for bodily injury, property damage, and remediation costs for pollution on, at or emanating from the insured locations
• Coverage for claims arising from listed non-owned disposal sites
• Coverage for legal defence expenses for any claims covered under the policy
• Coverage is available for natural resource damages claims
• Coverage is available for mould-related claims
• Coverage is available for underground storage tanks
• Coverage is available for first-party business interruption

Accidental pollution damage can be gradual, so the effects may not notice until years down the line. Unfortunately, a business can also be held responsible for historical environmental damage. For example, if there was a slow oil leak onto a property you bought, the company is responsible for the cleanup and fixing the situation. Environmental Insurance will cover can also protect you in this case too.

You may think your public liability insurance covers your business for any breaches or accidents, but it may not. Public liability covers harm to individuals or their property. However, public liability will not cover damage or bodily injuries to a third party caused by pollutions (environmental) due to your company. That is why it is essential to purchase environmental insurance to be fully covered.