Environmental insurance is usually not mandatory, but may be strongly recommended in some industries or be contractually required.
What constitutes environmental damage?
Environmental damage is damage to soil, water, or air caused by, for example, leaks, chemical substances, oil, or contaminated extinguishing water.
Does liability insurance also cover environmental damage?
Not always. Many standard liability insurance policies partially exclude environmental damage or offer limited coverage. That is why many companies opt for separate environmental insurance.
For which companies is environmental insurance suitable?
Environmental insurance is particularly interesting for companies that work with machines, chemicals, fuels, or other environmentally sensitive substances. Consider, for example:
transport companies
agricultural enterprises
garages
production companies
construction companies
installers
But other businesses can also unexpectedly face environmental damage.
Are remediation costs reimbursed?
Yes, in many cases, remediation and cleanup costs are covered by environmental insurance. However, this depends on the policy conditions.
Can I insure environmental damage on my own property?
Yes, many environmental insurance policies also offer coverage for damage on private property, such as contaminated soil or leaks within the company premises.
How is the premium calculated?
The premium is determined based on, among other things, your industry, activities, risks, and the size of your company.
Can Crefin & Partners help compare policies?
Certainly. We independently compare various providers and help you choose environmental insurance that suits your business situation well.
