Environmental losses can severely disrupt a business leading to potentially devastating financial, operational and reputational damage.
Environmental risk continues to be a challenge for businesses today, but our environmental experts can help protect you against pollution exposures. Chubb environmental insurance covers you against damages from the unintentional release of pollutants – a risk excluded from most standard commercial liability and property insurance policies.
Chubb provides market-leading environmental insurance supported by a dedicated claims and risk management service, designed to minimise the negative impact of pollution and environmental damage and help clients get back on track when these events occur.
Risk Scenarios
Who it's for:
Pollution is not just a consideration for heavy industry. You might have an environmental risk if you:
Own, operate or buy and sell property
Operate on third-party premises
Use, store, transport or produce a substance that may cause contamination
Create solid, liquid or gaseous waste
Redevelop brownfield land
What it covers:
First and third party pollution remediation costs
Biodiversity damage
Legal liability following a pollution or biodiversity event
Business Interruption
Loss mitigation costs
Transportation
PRODUCTS & SERVICES
PRODUCTS & SERVICES
Premises Pollution Liability
You can be protected for current and pre-existing exposures that may not be in your general liability policy. Cover includes clean-up costs, property damage and business interruption.
Our broad Protect policy provides cover against remediation and loss mitigation costs, third-party liability, biodiversity damage and more, for incidents on your own premises or a third party’s.
If you’re a contractor, this policy gives you pollution insurance for projects where it’s required, alternatively we can provide cover for your day-to-day pollution exposures.
We support your pioneering work with the first dedicated environmental policy for renewables companies in the UK and Ireland. Providing seamless coverage, from the start of construction through to their operation.
Our 24-hour service gives instant access to an expert incident response team who will help you source contractors for the clean-up, address costs and mitigate any liabilities.
Financial Provisions for Environmental Liabilities
The Irish Environmental Protection Agency (EPA) published revised ‘Guidance on Financial Provision for Environmental Liabilities’ in 2015, placing additional requirements on their license holders. Recognising the complex nature of these financial provisions, our Environmental Risk and Surety teams have combined their expertise. We now offer bonds and policies to cover these provisions, which satisfy the EPA guidelines.
The table below identifies the potential gaps in your clients’ current insurance programmes and where they may have exposures to environmental risks. It is a broad indicator based on our experience. You should refer to specific policy wording to verify this on an individual basis.
Potential gaps
General Liability
Property
Environmental Liability
Sudden and accidental pollution
✔
X
✔
Gradual pollution
X
X
✔
Historic pollution
X
X
✔
Statutory clean up
X
X
✔
On-site first party clean up
X
X
✔
Environmental liability directive
X
X
✔
Environmental damage
X
X
✔
Loss mitigation
X
X
✔
Why Chubb?
Why Chubb?
We care about the environment – and your company
Whether your business is big or small, takes you around the world or just around town, Chubb is here for you. Our breadth of experience in environmental insurance means we can provide the guidance and service you need, whenever you need it, wherever you may be.
Partnership that’s personal We work to understand your business and where you’re heading so we can be proactive about meeting your needs. We invest in getting to know you, your team and your customers. The goal: to help you see ahead, be ahead and stay ahead.
Creative problem-solving Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always helping clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to solving your challenges.
Unmatched expertise and financial strength We’ve served clients and partnered with leading organisations for more than 200 years. Our longevity, expertise and financial strength are the bedrock of our business.
