Environmental responsibilities have increased dramatically over recent years and with the ever increasing intensity of development, industry and trade, they are likely to continue to do so.
Businesses may be faced by environmental exposures either unknown to them or potentially created by them. Every business should assess their environmental exposures and whether they are required to take some form of action or protection in relation to them.
Colmore Insurance can assist clients in this area with solutions from insurance risk transfer to risk management/accreditation as follows:
Insurance Risk Transfer – Environmental Impairment Liability
Legislation now means that if a business pollutes, it is responsible for the cost of cleaning such pollution up and also for returning the contaminated land back to its original condition.
As a business, if contamination is found on your land or you pollute then you will be liable for the costs of restoration. Colmore Insurance can place Environmental Impairment Liability insurance to protect against these exposures.
Colmore Insurance can offer support in assessing your environmental exposures and deliver risk management solutions to address them. This includes ISO 14001, an internationally accepted standard that outlines how to put an effective environmental management system in place.
It is designed to help businesses remain commercially successful without overlooking environmental responsibilities.