Environmental Impairment Liability

Flexible, comprehensive cover to help businesses to address the growing environmental exposures from heightened levels of public awareness and evolving environmental regulations.

Product highlights

A tailored risk management solution

Businesses can negotiate alternative insurance capital, deductibles and coverage, tailoring the ideal risk management solution for their situation.

Protects financial stability

Provides immediate protection for the business and managers from the costs, expenses and damages that an incident may incur that could threaten the financial viability of the business.

Reduce reputational risk

Media and public opinion are highly sensitive to local pollution incidents. Holding environmental insurance is a clear demonstration of the precautions the business has taken in managing its responsibilities, which may mitigate reputational damage following a pollution event.

Multinational expertise

With more than 30 years’ experience building innovative environmental insurance programmes around the world, we have the knowledge and expertise to design and implement multinational programmes that reflect individual business needs.

Outstanding claims expertise

Our claims specialists offer strong and dependable customer support during a stressful period for our customers.

Expand All Collapse All

Overview

Environmental liabilities present a growing risk to businesses as heightened levels of public awareness and evolving environmental regulations increase their responsibility for environmental damage.

AIG has a large, experienced underwriting team with more than 200 dedicated environmental employees in over 35 offices around the world. We have been building innovative environmental insurance programmes for over 30 years.

Our Environmental Impairment Liability insurance provides protection against losses related to pollution releases, while responding directly to regulatory obligations, contract/lender/landlord requirements, shareholder needs, and board objectives.

What's covered?

We offer global environmental capacity of up to US$50 million per policy, covering a broad range of risks over single or multi-year policy terms. Coverage includes:

Sudden and gradual pollution conditions.
On-site and off-site clean-up costs for pre-existing and/or new conditions.
Third-party bodily injury and property damage.
First-party business interruption expenses related to a pollution condition.
Legal costs including investigations, defence costs, settlements and legal proceedings arising from pollution or environmental damage.
Pollution releases caused by the transportation.

Who's it for?

AIG’s size and flexibility allow us to protect a wide range of business sectors, including:

Manufacturing
Healthcare
Hospitality
Transportation and logistics
Waste management
Real estate
Energy
Mergers & acquisitions