Cover for remediation obligations under public lawEnvironmental damage insurance
Since 2007, companies have been legally obliged to pay for environmental damage to biodiversity, bodies of water and owned, rented or leased land. Such damage can occur at any time and can quickly result in high remediation costs.
Environmental damage insurance provides your company with comprehensive protection against the financial consequences of claims under public law.
The insurance covers, among other things:
- Damage to protected animals, plants and habitats (biodiversity)
- Soil contamination on owned, rented or leased land
- Impairment of the groundwater
Claims under the Federal Soil Protection Act are also covered – even if there is no immediate danger to human health.
Example from practice:
Pollutants escape unnoticed from a chemical plant and contaminate the premises. The resulting soil remediation is cost-intensive – but is covered by environmental damage insurance.
