These coverages include important additional protections: transportation, cleaning costs of the site, accidental contamination, and information obligations to consider (such as underground or aerial tanks). This is why it is important to rely on an expert broker, like Peris, to ensure you receive expert advice and an adequate product.

Although our first step recommendation for companies that do not have it is to take out Environmental Liability insurance, some companies may be required by law to take out mandatory financial guarantee insurance (See Order ARM/1783/2011). To do this, they must generally conduct an Environmental Risk Analysis (ARMA) with a specialized company. Adhering to environmental management systems and audits (EMAS or ISO 14001) can ease this requirement. In any case, it is most common for the legislation to establish that there is no obligation for a financial guarantee, excluding the most serious but least likely accidents, but it can require objective and unlimited environmental liability for those same accidents, so it is vital to have specific Environmental Liability insurance.