Running a business entails a lot of responsibility including being cognitive of the impact your product or its manufacturing process will have on the environment surrounding the facility. If you are a manufacturer or processing plant it is critical to consider your environmental liability and to understand the obligation you may have as a potential polluting party.
There is strict liability; if you are considered to be responsible for any damage that your manufacturing or processes may cause to the environment or if your activities are linked to a claim of environmental damage, you will be held financially responsible if you are not properly insured to protect against such a claim. Protect your business against this potential risk, whether it is a slim or apparent chance. Environmental liability insurance should be discussed with your broker to determine your need for it, or to determine the appropriate amount and conditions of the coverage you will need.
