Environmental Impairment
Liability Insurance (Pollution Protection)

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Information on environmental impairment liability insurance including costs, coverages & options. This form of insurance can help fill the coverage gaps created by pollution exclusions in basic general liability and commercial property policies.

Environmental Impairment Liability Insurance

Environmental Impairment Liability Insurance

Do you own a business that engages in tasks that create toxic waste? If so, there's no doubt that you make every effort to ensure that you are following all safety protocol to prevent the waste from contaminating the environment, employees, or bystanders.

Despite your best efforts and constant inspection of the vessels that you use to hold hazardous waste, accidents happen. For instance, a container may be compromised, or it may tip over. Should that happen, the hazardous materials held within the container could seep out and pollute the environment, including the air, the groundwater, and the vegetation that surrounds it.

As you can imagine, should this happen, not only will you be required to clean up the mess, but you will also incur hefty fines. These costs can be astronomical and can put your business in financial distress. Moreover, such an incident could do serious harm to your reputation, hindering the success of your business.

With environmental impairment liability insurance (EIL), you can protect your business from a lot of the costs that are associated with any incident that impacts the environment.

What's Covered by an Environmental Liability Insurance Policy?

There are two different kinds of environmental impairment liability insurance:

Each environmental impairment liability insurance policy offers three basics forms of coverage, including:

Some policies will also offer coverage for legal fees, should any legal action take place. This can include the cost of defense and court fees. Examples of instances in which an EIL policy offer coverage include:

Make sure you find out exactly what your specific policy covers so that you know how you are protected from any incident that affects the environment.

Are There Any Exclusions Involved?

Like all types of insurance policies, an environmental impairment liability insurance policy does have some limitations. Most policies will exclude their coverage for any of the following situations:

It's advisable to find out what your policy excludes so that you aren't left surprised in the event that an incident does arise.

Environmental Impairment Liability Insurance - The Bottom Line

We hope this article on environmental impairment liability insurance has been informative. If own a business that produces any type of hazardous material, having an EIL policy is definitely in your best interest. The legal fees that are associated with any pollution-related incidents can be extremely damaging to your business. Since your business is one of your biggest assets, protecting it to the fullest extent possible just makes sense.

Further Reading On Environmental Insurance

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