Environmental insurance—types
Produced in partnership with Argyll Environmental Ltd

The following Environment practice note produced in partnership with Argyll Environmental Ltd provides comprehensive and up to date legal information covering:

  • Environmental insurance—types
  • Environmental insurance
  • Scope of environmental insurance
  • Losses covered
  • Policy specifics
  • Policy wording
  • Types of environmental insurance
  • Historical pollution
  • Operational liabilities
  • Contractors' pollution liabilities

Environmental insurance—types

Environmental insurance

Environmental insurance is a risk transfer solution to indemnify the insured against losses arising as a result of potential environmental liabilities.

There are a range of insurance products available to cover the variety of losses that can potentially arise as a result of environmental liabilities.

For more on environmental insurance, see Practice Notes:

  1. Environmental insurance—when is it needed?

  2. Environmental insurance—extent of coverage

  3. Environmental insurance—advantages and disadvantages

  4. Environmental insurance—transactions

  5. Environmental insurance—businesses

  6. Environmental insurance—remediation and development projects

  7. Environmental insurance—contractors and consultants

  8. Environmental insurance—chemical sites

  9. Environmental insurance—landfills

  10. Environmental insurance—petrol stations

Scope of environmental insurance

Losses covered

Environmental insurance solutions are available to provide cover for a wide range of losses that may arise as a result of an environmental liability. Common losses, for which cover can be arranged, include:

  1. On-site and off-site remediation for investigation, remediation costs, reinstatement of damaged property or services, settlement fees and associated legal expenses caused by contamination being discovered

  2. Third party property damage: for remediation and restoration costs associated with damage to third party property. In addition, cover includes legal expenses, business interruption and diminution in property value as a result of contamination

  3. Third party bodily injury: for costs and expenses incurred by the insured arising from injury to a third party (typically excluding employees of the insured) as a direct result of exposure to contamination including legal expenses

  4. Environmental damage:

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