Environmental Insurance
/ɛnˌvaɪrənˈmɛntəl ɪnˈʃʊərəns/
Definitions
- (n.) A specialized insurance policy that covers liabilities or damages arising from environmental contamination or pollution.
The company purchased environmental insurance to protect against potential cleanup costs from hazardous waste.
Forms
- environmental insurance
Related terms
See also
Commentary
Environmental insurance policies often require precise definitions of covered pollutants and exclusions; drafters should ensure explicit terms to address evolving regulatory risks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.