Damages caused to the environment by abrupt and unforeseen circumstances are covered under Pollution Risk Insurance. These risks form a part of the Public Liability Package. The people who suffer from the pollution created by the business activities are the ones who are entitled to the claims. This type of claim is more commonly known as Third party Claim. Public Liability insurance takes care of abrupt and unforetold incidents that take place during the insured period. Where a company falls within the high risk of pollution, a bespoke policy is sought for, wherein, a policy is specifically designed for the said company. This should also cover:
The charges of investigating and protecting the company against such claims.
Clean – up costs from any creeping pollution
Redress awarded for injury to life or property
In such cases, the business is also regulated by the Environment Agency. An Insurance Agent has to be consulted before taking a policy because he is the best person to judge which policy will be the most suitable for a particular business.