Environmental liability insurance provides protection for businesses that face environmental risks and liabilities. This can include pollution, contamination, and cleanup costs.
Environmental liability insurance can help businesses manage the risks associated with environmental liability claims and avoid the financial burden that can result from environmental incidents.
Environmental liability insurance is particularly important for businesses that operate in high-risk industries or locations, such as oil and gas, chemical manufacturing, waste management, and transportation. These businesses face significant environmental risks and liabilities, and even a small incident can lead to costly cleanup and remediation expenses.