Pollution Legal Liability
What is pollution legal liability insurance in India?
Pollution Legal Liability Insurance, also known as Environmental Legal Liability Insurance Policy pays on behalf of the Insured. This policy also provides on and off-site coverage for property damage, bodily injury, and cleanup costs triggered by pollution conditions and associated activities.
Key aspects of Pollution Legal Liability insurance
Coverage
- Cleanup costs: Expenses related to cleaning up pollution on or off-site.
- Bodily injury: Claims arising from exposure to pollutants.
- Property damage: Damage to other people’s property caused by pollution.
- Legal defense costs: Expenses associated with defending against pollution-related claims.
Scope:
PLL insurance covers pollution conditions that arise from new incidents as well as those stemming from pre-existing conditions. It also extends to pollution related to transportation and non-owned disposal sites.
Comparison with CGL
CGL
While general liability policies may cover some pollution events, they often have broad pollution exclusions. PLL policies specifically address pollution risks, making them more comprehensive in this area.
Risk Management
PLL insurance is a key component of a comprehensive risk management strategy for businesses, helping them mitigate financial losses from pollution-related events.
What is pollution legal liability insurance in India?
Pollution Legal Liability Insurance, also known as Environmental Legal Liability Insurance Policy pays on behalf of the Insured. This policy also provides on and off-site coverage for property damage, bodily injury, and cleanup costs triggered by pollution conditions and associated activities.
