Environmental Liability

Spills, discharge of sediments, generation of waste, etc. are some of the environmental problems that cause serious damage to the environment and, therefore, generate great responsibilities to your company.

These accidents can result in fines, penalties, project closures, damage to persons and / or property.

Most companies believe that their general liability policies will help them with environmental protection, but these policies usually exclude the emission of pollutants, punitive damages, and obligations defined by environmental laws, for which there is environmental liability insurance.

The new regulation requires companies to enter into an environmental liability insurance policy to demonstrate that they will have sufficient funds to meet the costs of repairing the damage.

Such expenses may include cleaning and remediation of contaminated sites, restoration of affected flora and fauna, closure and care of facilities after shutdown; as well as the handling of claims for personal injury and property damage.

NRGI Broker offers advice on environmental obligations