Environmental Liability Insurance
We can provide Environmental Liability Insurance for small and large companies across many sectors including construction, manufacturing, waste, recycling, engineering and distribution.
We work with specialist underwriters across Ireland, UK & Europe to provide bespoke client solutions including EPA compliant cover.
What is Environmental Liability Insurance?
Every business (and investor) has a legal obligation (duty of care) to ensure that they do not pollute the environment.
Traditional liability insurance policies provide limited cover for sudden and unforeseen pollution events. Environmental Liability Insurance provides wider cover for a range of sudden, accidental and gradual pollution risks.
Examples of Environmental Liability Claims
✓ An action was taken against a factory after it was discovered that one of its tanks had leaked into a nearby stream. The incident was not covered by the public liability insurance as the event was not sudden and unforeseen. Fortunately the factory had Environmental Liability Insurance which covered the costs.
Why purchase Environmental Liability Insurance?
✓ Traditional liability insurance policies provide limited cover for sudden and unforeseen pollution events. Environmental Liability Insurance provides wider cover for a range of sudden, accidental and gradual pollution risks.
✓ Many companies are required by the EPA to provide a financial provision for the possible costs of remediation at sites containing potentially polluting material. This financial provision can take the form of cash, on-demand bonds, parent company guarantee, legal charge on property or Environmental Liability Insurance. Environmental Liability Insurance is often the preferred option as it is cost effective and does not tie up capital. Underwriters can often give an indication of premium once provided with the most recent Environmental Liability Risk Assessment (ELRA).
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“We have been a customer of Martin Insurance for a number of years on business and vehicle insurance. We have always been extremely happy with the expertise and service we received from their knowledgeable and helpful staff, and have no hesitation in recommending them to any business owner.”
“We have been a customer of Martin Insurance for business and vehicle use for a number years now and they always provide a friendly, efficient, reliable and professional service. Each year we know they are looking after our needs and making sure we get the best service and customer care. We would have no hesitation in recommending Martin Insurance to provide the correct cover for your needs.”