Commercial Polluters to Pay

The Environmental Liability Directive (ELD) will be phased in so that companies will have to foot the bill for the pollution that they cause.

Karl Russek, senior vice president for global insurance specialist ACE Group told the Insurance Journal that “Companies should not really rely on their exiting liability cover to provide the protection they need in the event of environmental damage clean-up operations”

No added “Without updating a more comprehensive plan, firm may leave themselves exposed to significant losses”

The liabilities are not due to be written into the law till next April, making it difficult for invoices to create reliable policies.

Insurance would be an essential as the costs to regenerate a damaged site could be very costly.

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