Environmental damage requires swift action and clear frameworks. Victor Nederland's Environmental Liability Insurance provides coverage per individual emission, with clear per-emission limits and an annual limit. This creates clarity when an incident occurs.
The policy reimburses remediation costs, consequential damage, and legal costs up to predetermined maximums, enabling swift and efficient settlement.
Coverage
Remediation costs at the insured location up to the chosen insured amount of €500,000 or €1,000,000 per emission
Related damage items resulting from contamination, up to additional benefits
Defence assistance: legal costs for defence or protection up to a maximum of 10% of the chosen insured amount per emission
Additional benefit up to a maximum of 10% of the insured amount per emission for specific items, such as property damage related to remediation
Annual limit: maximum twice the maximum per-emission amount per insurance year
Deductibles
No standard deductible per emission: €0
Soil removal: deductible €50,000 per emission, reduced to €10,000 with documented composition and emission values (in accordance with clause M140)
Fire-hazardous activities by third parties (use of open flame): deductible €25,000 per emission for property damage from fire or explosion (in accordance with clauses M160 and M030)
Benefits
Clear per-emission coverage and annual limit
Reputation for swift settlement and legal support
Choice of insured amount per emission, suited to your risk profile
Contact
Questions or want to request a quote? Contact our underwriters. They're happy to work with you to find a suitable environmental liability solution.
