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Why do you need environmental insurance?
Chubb Commercial Insurance

You may believe there are many reasons you don’t need environmental insurance. Consider the following myths.

Pollution cases are very rare
False - In fact pollution cases are on the rise. In 2007 there were over 800 pollution incidents that had a serious impact on the environment and another 16,300 minor pollution incidents. Behind these figures are companies that are liable to pay fines and, most importantly, clean-up costs.

Publicised fines are not even covered by insurance and are very small
True, however - Fines may be small, however clean-up costs are often very large. As an example a company had a major spillage and were subsequently fined £15,000. The clean-up costs however were £1.2 million.

Pollution only happens in very high risk industries
False

The most common sources of pollution in 2007 were:

  • Organic materials
  • Inert materials and wastes
  • Specific waste materials
  • Sewage
  • Fuels and oils
  • Chemicals

Types of business we have insured include:

  • Commercial property owners and developers
  • Portfolio owners/managers
  • Investment trusts
  • Schools, colleges, universities
  • General manufacturing companies
  • Food processors

For the full information on the pollution incidents in England and Wales, visit the environmental agency website.