Environmental Insurance from AIG

Don’t let a pollution incident threaten your whole business

Overview

Controlling personal exposures

Following an environmental incident, individuals also face the possibility of personal actions. In fact, some local regulations might hold directors and managers jointly or personally liable for the damages.

Environmental Liability Directive

Effective across Europe, this aims to make businesses that cause environmental damage responsible for the full consequences. It deals with serious damage to protected species and their habitats including protected sites, water including underground sources or groundwater and land where there may be a risk to human health.

Flexibility

Our customers can negotiate alternative insurance capital, deductibles and coverage, tailoring the ideal risk management solution for their situation.

Local expertise

With the largest environmental underwriting team in Europe and high capacity, AIG can provide expert decision making and added value consultancy services in local markets.   

Preserving financial sustainability

Provides immediate protection (corporate and individual) from the costs, expenses and damages that an incident may incur that might threaten the financial viability of the business.

Reducing reputational risk

Media and public sensitivity to local pollution incidents can impact the business’s image. Holding this insurance is clear evidence of the precautions that the business has taken in managing its responsibilities and we offer Crisis Containment cover as standard.

Multinational expertise

Our extensive knowledge of sophisticated program structures and one of the most extensive lists of local environmental policies available in the market allow us to design and implement multinational programmes that reflect each business’ needs.

Claims expertise

We also offer the largest specialised claims team in Europe. Benefiting from our extensive global capabilities and knowledge centres, AIG claims handlers are able to offer strong and dependable customer support during a stressful period for our clients.

Who is it for?

AIG’s size and flexibility mean we can protect a wide range of business sectors, both in the UK and abroad, including.

  • Manufacturers in the electrical and electronic, energy, metal and plastics, textiles, paper and specialty chemicals (pharmaceutical, paint, paints, pesticides) sectors
  • Bulk storage terminals and warehouses holding chemicals or oil and oil-based products
  • Treatment facilities and waste disposal
  • Transportation and logistics companies
  • Construction industry

What is covered?

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Enviropro UK wording comes with some important and highly distinctive features, in addition to more standard environmental coverages. Enviropro UK covers liabilities under Environmental Law including damage to water, land, protected species and natural habitats, including primary, complementary and compensatory remediation. The 2009 EDR introduced liability for compensating for damage to protected species and habitats.  Enviropro UK includes cover for sudden & accidental and gradual pollution, as well as environmental damage where pollution is not necessarily the cause.

Market

Different businesses have different environmental exposures and risks. Some businesses have heightened environmental exposures from their air emissions, oil or chemical spills, waste management or water discharge from cleaning or cooling operations.

The flexibility of AIG Enviropro coverage can accommodate a large selection of businesses with operational processes including, but not limited to, manufacturers, power producers, printers, metal fabricators, warehouses, haulage firms, textile producers, retailers and food processors as well as educational establishments, medical centres, retailers and hotels. 

Features & Benefits

  • Environmental Damage Regulation 2009 (EDR): our insurance provides cover for provisions of the EDR including ‘biodiversity’, complementary and compensatory remediation, defence and mitigation costs
  • Sudden and accidental and gradual pollution: our environmental policies do not distinguish between sudden & accidental and gradual pollution
  • Changing legal environment: Policies cover changes in legislation to keep up with rapidly evolving legislation
  • One environmental coverage: For complex risks and to meet contractual requirements, AIG takes a flexible approach to ensure the client’s needs are met
  • Non pollution environmental damage: Cover may extend beyond pollution to cover other types of environmental damage, even if pollution is not the cause
  • Access to Environmental expertise globally: Access to local Environmental underwriting expertise and the ability to underwrite in local language
  • Streamlined administration: for operational or new conditions coverage we offer a simple streamlined quote and bind process based on information about the operations and activities of the sites, the standard of environmental management and information on the surrounding environment

Cover

  • Clean-Up Costs
  • Biodiversity Damage
  • Business interruption Expense
  • Third party bodily injury and property damage
  • Legal costs
  • Third Party Nuisance Claims
  • Transportation

The PLL select policy is designed to be tailored to a specific business. The policy covers the provisions of the Environmental Damage Regulation 2009, including liability for damage to biodiversity and other new requirements such as complementary and compensatory remediation resulting from the covered operations. This policy is particularly valuable in property or company transactions or other situations where pre-existing pollution liabilities might arise.

Market

The flexibility of the PLL Select policy coverage can accommodate a large selection of businesses with operational processes including, but not limited to, manufacturers, power producers, printers, metal fabricators, warehouses, haulage firms, textile producers, retailers and food processors as well as educational establishments, medical centres, retailers and hotels.

Businesses with no operational processes, particularly landowners and property management companies, have also to be mindful of environmental liabilities they could assume from the activities of their tenants, neighbours and from the site’s historical activities.

Features & Benefits

 

  • Day-to-day and historical pollution: Our PLL policy can address unknown historical pollution caused before the policy commenced. The UK has over 200 years of industrial history and the environment agency estimates there are over 325,000 historically contaminated sites in England and Wales, if your business is occupying the old industrial land today, the liability could pass to you if the original polluters cannot be found.
  • Environmental Damage Regulation 2009 (EDR): our PLL provides cover for provisions of the EDR including ‘biodiversity’, complementary and compensatory remediation, defence and mitigation costs.
  • Sudden and accidental and gradual pollution: our environmental policies do not distinguish between sudden & accidental and gradual pollution
  • Changing legal environment: Policies cover changes in legislation to keep up with rapidly evolving legislation
  • One environmental coverage: For complex risks and to meet contractual requirements, AIG takes a flexible approach to ensure the client’s needs are met.
  • Non pollution environmental damage: Cover may extend beyond pollution to cover other types of environmental damage, even if pollution is not the cause.
  • Insured properties: Can accommodate site specific or portfolio
  • Worldwide Capabilities: Access to local Environmental underwriting expertise and the ability to  underwrite in local language
  • Flexible solutions: Solutions from traditional to high deductible to captives and beyond

Cover

  • Clean-Up Costs
  • Biodiversity Damage
  • Business interruption expense
  • Third party bodily injury and property damage
  • Legal costs
  • Third Party Nuisance Claims
  • Transportation

Contractors Pollution Liability (CPL UK) provides comprehensive protection for contractors, site owners and developers against pollution releases, whether sudden & accidental or gradual, caused by new pollution conditions or the exacerbation of existing pollution conditions.

Market

Consultants or contractors performing hazardous operations, or operating on contaminated sites. Policies can also be taken out by clients on behalf of contractors.

Features & Benefits

  • Contractor’s operations cover: Covers contractor’s operations performed at a job site by the Insured or others for whom the Insured is legally obligated.
  • Environmental Damage Regulation 2009 (EDR): our insurance provides cover for provisions of the EDR including ‘biodiversity’, complementary and compensatory remediation, defence and mitigation costs.
  • Sudden and accidental and gradual pollution: our environmental policies do not distinguish between sudden & accidental and gradual pollution.
  • Changing legal environment: Policies cover changes in legislation to keep up with rapidly evolving legislation
  • One environmental coverage: For complex risks and to meet contractual requirements, AIG takes a flexible approach to ensure the client’s needs are met.   
  • Worldwide Capabilities: Access to local Environmental underwriting expertise and the ability to underwrite in local language
  • Multiyear policy terms available: Multi-year options in order to include project under one policy
  • Claims made or occurrence: claims made or occurrence worded policy terms available
  • Flexible solutions: Blanket and/or specific project coverage

Cover

  • Contractor operations cover
  • Clean up costs
  • Biodiversity Damage
  • Third party bodily injury and property damage
  • Legal costs
  • Nuisance claims

Contractors Operation and Professional Services provides environmental cover for environmental professionals. Includes cover for Errors & Omissions in environmental technical reporting and Contractors Pollution Liability cover for activities carried out on third party sites.

Market

A wide range of environmental consultants whose work both involves technical reporting and completing site works on third party sites. 

Features & Benefits

  • Environmental Damage Regulation 2009 (EDR): our insurance provides cover for provisions of the EDR including ‘biodiversity’, complementary and compensatory remediation, defence and mitigation costs.
  • Sudden and accidental and gradual pollution: our environmental policies do not distinguish between sudden & accidental and gradual pollution.
  • Changing legal environment: Policies cover changes in legislation to keep up with rapidly evolving legislation
  • One environmental coverage: For complex risks and to meet contractual requirements, AIG takes a flexible approach to ensure the client’s needs are met.  
  • Non pollution environmental damage: Cover may extend beyond pollution to cover other types of environmental damage, even if pollution is not the cause.
  • Worldwide Capabilities: Access to local Environmental underwriting expertise and the ability to underwrite in local language

Cover

  • Errors or omissions
  • Contractor operations cover
  • Clean up costs
  • Biodiversity Damage
  • Third party bodily injury and property damage
  • Legal costs
  • Nuisance claims

PIER Europe

Unmatched pollution incident and environmental response network delivering reliable and specialised support when businesses need it most.

How to report a pollution incident to PIER Europe

Call the PIER Europe hotline +44 (0)1273 400965 available 24 hours a day, seven days a week, provide your contact information and a brief description of the incident. Report your claim as detailed in your policy. AIG will then contact you, discuss the details of your incident and recommend PIER Europe’s most appropriate response team in your area – specific to your incident and needs. We will remain available to support you and adjust your claim.

Introducing PIER Europe

 

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Why use PIER Europe?

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Information for Brokers

Info in a flash


If some clients are dismissive of environmental insurance, this short animation outlines 9 reasons why they might want to give it more serious consideration.