Operational Pollution
Risks
UK and European environmental legislation is setting new standards
on operations that may impact the environment. Third party
awareness of the environment is increasing and corporate governance
has brought the need to improve environmental risk management to
the forefront of some companies operations.
Many commercial and industrial operations present an ongoing risk
of pollution or contamination (e.g. leakage from underground
storage tanks, landfill operations, industrial
manufacturing). Specialist cover is available to indemnify
the insured against ongoing pollution risks resulting from
unanticipated discharge, leakage or spillage etc and to fill any
gaps in general liability policies.
It is often the case that clients believe that their operations are
covered under standard policies, however pollution and
contamination exclusions and restrictions on ‘sudden and
accidental’ cover can mean that this is often not the case.
Tysers experience in environmental and other insurance classes can
provide the client with an insight into uninsured risks and aid in
the production of a competitive insurance package.
It is possible to combine both operational and historic pollution
cover into a single policy. This is available for sites that
have either ongoing activities similar to the former site use or
for sites that have new operations. Typically operational
insurance can be provided for three to five years duration.