It’s important your clients are aware of the potential environmental risks, the protection available to them and what to do should the worst happen.
If your clients do any of the following, there’s potential for environmental risk:
Where all three elements are present an environmental risk may exist.
The consequence may have substantial impact on a client's business and lead to financial, operational and reputational damage.
Chubb can protect clients from the impact of these consequences.
Legislative - There are many pieces of legislation which have environmental implications. We can help you identify which are relevant for your clients.
Financial - Responsibility for cleaning up contamination rests with the polluter or in some instances, liability can attach to the current landowner. Environmental liability insurance provides a cost effective means of transferring this exposure, removing the impact from your clients’ balance sheets.
Reputational - Public and political awareness has grown, fuelling negative media attention and resulting in potentially serious long term brand damage.
Corporate Governance - Environmental liability is firmly on the boardroom agenda, fuelled by pressure to operate in a sustainable way and by the necessity to demonstrate environmental protection credentials as part of any tender process or CSR programme.