Understanding Pollution Liability Insurance

Businesses across countless industries carry significant pollution risks. While energy companies, transport companies, factories, airlines, and countless other businesses do essential business, they also work with highly hazardous environmental materials, and the cost of a spill or leak could be massive both fiscally and for the environment. For this reason, companies with significant relevant exposure should carry sufficient pollution liability insurance, to best protect their bottom line, workers, clients, and the environment.

What Does Pollution Liability Insurance Cover?

In general,pollution liability covers risks that may be missed under a general liability insurance policy. This may include the following:

  • Property damages resulting from pollution
  • Bodily injury that results from pollution
  • Any costs related to pollution cleanup after an incident
  • Relevant legal fees attached to pollution claims or lawsuits
  • Relevant fines imposed by regulatory authorities after a pollution incident

Naturally, risks and policies will vary greatly across industries. There may also be unique mitigating factors for instance, a business may come to take ownership over a previously polluted site, and have to manage liabilities related to pollution that has already occurred.

Speaking to an experienced insurer can help you establish pollution coverage that effectively protects your business’ bottom line, your clients, your workers, and the landscape in which your company operates.