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Environmental Liability Insurance

The European Union is constantly expanding the legislative framework on relation to environmental protection, but also with regard the recovery procedures. There are responsibilities for damages that can be caused either to third parties or to the environment, and the polluter pays.

It is possible for a company to continue with the same production process for many years without encountering any problem. However, with the new legislation, the obligations of each company on environmental issues have increased significantly. Each company has to constantly keep-up with changes in the legislation and regulations.

The Environmental Liability Insurance comes to protect the business operator since it covers both the compensation cost for third parties, which the company will eventually be required to pay, as the required environmental remediation costs.