Environmental insurance—businesses
Produced in partnership with Duncan Spencer of EDIA Ltd
Environmental insurance—businesses

The following Environment guidance note Produced in partnership with Duncan Spencer of EDIA Ltd provides comprehensive and up to date legal information covering:

  • Environmental insurance—businesses
  • Brexit impact
  • Gaps in public liability policies
  • Cover
  • What is not covered?
  • Selection of the policy
  • High risk and low risk activities
  • Policy term and premium
  • Information requirements

Environmental insurance is used to manage environmental risks, both for operational businesses and in many transactions and development projects.

For more on environmental insurance generally, please see Practice Notes:

  1. Environmental insurance—when is it needed?

  2. Environmental insurance—extent of coverage

  3. Environmental insurance—types

  4. Environmental insurance—advantages and disadvantages

Brexit impact

As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this content.

For further guidance, see Practice Note: Brexit—impact on environmental law and News Analysis: Brexit Bulletin—key updates, research tips and resources.

Gaps in public liability policies

Standard insurance, such as public liability policies, do not provide adequate protection from environmental liabilities for businesses. This is because:

  1. cover is limited to 'sudden and accidental' releases only