"Polluter pays" is a principle of environmental law within Canada that holds the polluters fully responsible for any present and future costs associated with pollution they cause. It is imperative to conduct a pollution risk assessment for pollution insurance to protect your businesses from the unforeseen.
This whitepaper discusses the following about pollution and protecting your business:
- Use case about a B.C. company that had to pay out $4.75 million in cleanup costs.
- Preventative measures.
- Risk assessment.
- Pollution insurance.
- Steps to avoid creating pollution in the first place.
- Unexpected incidents.
- Legislation in Canada constantly changing landscape.
- Environmental risk assessment explained.
- Evaluate your companies potential risks.
- ERA can then be used to come up with solutions for prevention.
- Inherent pollution risks due to the land your company occupies.
- Third-party risks.
- Geographical risks.
- Pollution insurance.
- Types of coverage and customizable coverage.
- Ancillary coverage.
- Types of pollution exposures not included in other policies.
- Aspects of pollution exposure:
- Third-party claims.
- First-party situation.
- Pollution insurance helps with quick property transactions incase of sale.
Find Out More:
Download our “The Importance of Environmental Risk Assessments" white paper to learn more.
