Environment Impairment Liability Insurance (also known as EIL) is designed to protect your business from environmental risks. We all need to be aware of the threats facing our environment and therefore take the appropriate steps to prevent and even reverse recent trends. If you work in a sector that has environmental risks attached such as the handling of chemicals, waste products, and emissions, then you will need to deal with these areas responsibly.
In 2009 laws were brought in by the government regarding Environmental Damage Regulations. Therefore, if you were responsible for any form of pollution then you will pay the price for doing so. For example, if you polluted by leaving waste products, then you would be responsible for the cleanup. In addition, you would also be responsible for the costs to reinstate plants and wildlife in the affected area.