Environmental liability

Environmental liability

Environmental liability provides financial protection against losses arising from pollution releases, and is designed specifically to address the Environmental Liability Directive (2004/35/EC) and local legislation that makes companies face an increased liability for pollution damages and simultaneously has launched the concept of biodiversity - the protection of natural resources, including protected species and natural habitats. The Directive was implemented in Slovak legislation through Law No. 359/2007 effective September 1st 2007, and applies for virtually all businesses.

Who is it for?

  • Manufacturers in the electrical and electronic, energy, metal and plastics, textiles, paper and specialty chemicals (pharmaceutical, paint, paints, pesticides) sectors
  • Bulk storage terminals and warehouses holding chemicals or oil and oil-based products
  • Treatment facilities and waste disposal facilities
  • Transportation and logistics companies
  • Construction industry
  • In general any company using potential pollutants

What could be covered?

  • Not only Sudden & Accidental Pollution => Gradual Pollution Conditions included
  • Related Property Damage and Bodily Injury
  • Remediation Costs
  • Mitigation Expenses
  • Clean-Up Costs (On-site and Off-Site)
  • Biodiversity Damage
  • Business Interruption Expenses
  • Associated Legal Costs
  • Transportation