Environmental insurance protects policyholder from financial liability arising environmental damage
Environmental insurance is an insurance policy that protects the policyholder from financial liability arising from environmental damage.
This damage can be caused by various events, such as hazardous material spills, air pollution, or improper waste disposal.
Environmental insurance can help cover the costs of cleanup, remediation and other preventive measures.
This can also help protect policyholders from lawsuits filed by third parties.
There are different types of environmental insurance available, and policy coverage can vary. It is important to choose a policy that suits the specific needs of the business or individual.
Some common types of environmental insurance include:
1. Pollution Liability insurance protects policyholders from financial liability arising from environmental pollution.
2. Cleanup Cost Insurance helps cover the costs of cleaning up environmental damage.
3. Business Termination Insurance provides compensation to policyholders for loss of income that occurs due
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