Environmental Insurance

While UK organisations have become better at preventing pollution through physical controls, there is still a tendency to overlook or underestimate the less obvious forms of environmental damage.

In our experience, organisations often discover these issues too late with their environmental insurance policies proving either not as comprehensive as they first thought or insufficient in responding to the issues they face. It is often the case many managers may not even be aware that they are personally liable for damage.

In addition to this, organisations may unknowingly assume environmental liabilities. A Mergers & Acquisition business transaction is a good example of this where historical liabilities are being passed from one party to another.

Below are come critical questions you need to consider:

• Does your organisation know where all of its environmental risks lie?
• Do you have adequate cover for the new EU Directive on Environmental Liability, which carries new responsibilities for remediation?
• Have you weighed the cost of your insurance cover with the potential financial liabilities that you face?

To discuss your requirements further please speak to one of the team on 01604 630003.