Environmental insurance
for companies
Comprehensive protection against unintended environmental damage
A fire at your business premises. A leak in a storage tank. Accidental harm to biodiversity. If your business unintentionally causes environmental damage, the financial consequences can be severe. This is especially true with stricter European regulations actively monitoring pollution and enforcing tougher clean-up standards.
Why take out separate environmental damage insurance ? Environmental liability is not covered – or only minimally – by other insurance policies such as civil liability, fire, contractors all risks, or directors’ liability. Environmental liability insurance safeguards your business against environmental damage occurring on your own site, on third-party land, or during transport.
Every company is different. A transport company faces different challenges compared to a food producer or a heavy industrial site. Your business has its own specific risks and needs in terms of covers, which is why environmental insurance for companies is always tailor-made.
Why choose AlliA for the best advice on environmental liability insurance?
- A wealth of relevant information on environmental risks
Based on the reports of our risk engineers. - Considerable expertise in underwriting the appropriate coverages
For all types of businesses. - Contacts with the limited group of insurers offering environmental insurance for companies
Thanks to our extensive and also international network.
Environmental insurance for companies- our solutions
- Contractors’ Pollution Liability: environmental insurance for the construction industry
Environmental considerations are increasingly significant in project specifications. As a contractor, you are often required to provide proof of a guarantee or environmental liability insurance . No builder wants to bear the financial burden of pollution caused by a contractor who lacks sufficient financial resources. Consequently, builders frequently require contractors to take out an environmental insurance policy for the construction sector before commencing a project.
This policy can be arranged either on a project basis or as an annual policy.
- Environmental Impairment Liability
This policy provides comprehensive basic cover. It includes clean-up costs for both accidental and gradual pollution on your own sites as well as on third-party sites. You are also covered for business downtime that may occur during remediation works. In addition, the policy protects against physical injuries and property damage to third parties caused by environmental harm. If a government authority demands restoration or compensation under the European Directive for biodiversity damage, this policy ensures coverage for those claims as well. We will work with you to evaluate whether additional safeguards are necessary.
- Environmental Risks in mergers and acquisitions
When it comes to the sale or transfer of businesses or buildings, specific environmental liability coverage can be arranged for both the buyer and the seller. For the buyer, the coverage includes protection against both new and historical contamination. For the seller, it focuses on liability for historical contamination.
Looking to protect your business from unintended environmental damage? We will be happy to give you tailored advice to take out the environmental insurance that best suits the risks of your business. Contact our experts for tailored advice today.