There are many businesses that either produce hazardous chemicals as emissions or work with hazardous chemicals. If you run a business of this sort, it is important for you to be aware of the possibility that you may end up accidentally contaminating or polluting a site.
If this occurs, it can lead to many issues such as property damage and bodily injury. Luckily, pollution liability insurance can help!
What Is Pollution Liability Insurance?
Pollution liability insurance is a type of insurance coverage that is designed to protect businesses from pollution liability-related costs. It can cover a variety of things including legal costs, medical bills, and cleanup costs.
Why Do You Need Pollution Liability Insurance?
It can be easy to think that you will never run into a liability issue involving pollution. While they are uncommon, pollution liability issues can be devastating when they happen. Even if it is unlikely that you will need coverage, you don’t want to be caught without it and end up having to cover everything out of pocket.
Working with chemicals that are hazardous or produce hazardous emissions is not only physically risky, it’s also financially risky. Pollution insurance can help ensure that you won’t have to blow your savings while dealing with a pollution liability issue.