mpique_logo

Environmental Liability

In 2007, Law 26/2007 of October 23, 2007 on Environmental Liability was created with the aim of regulating the responsibility of operators to prevent, avoid and repair environmental damage in accordance with Article 45 of the Constitution and with the principles of “the polluter pays and repairs”.

To protect wild species and habitats, water (surface, subway, coastal, sea and river banks), and soil from damage, expressly excluding from its scope traditional damages affecting individuals and their properties.

3 Major features of environmental law:

  • Administrative Liability.
  • Objective and Unlimited.
  • Mandatory financial guarantee for certain operators.

Priority 1

  • Seveso Facilities.
  • Operators subject to the scope of application of the IPPC.

 Priority 2

  • Oil and gas refineries.
  • Coke ovens.
  • Metal smelting > 20 tn/day.
  • Chemical installations for the manufacture of pharmaceuticals, explosives, etc.
  • Landfills > 10 tn/day.

Why take out an Environmental Liability policy:

  • Because there is a law in force.
  • There is strict and unlimited liability.
  • There is a duty to repair the damage.
  • The operator is responsible for environmental damage.
  • Environmental risks have an impact on the company's income statement and balance sheet.
  • Environmental damage generates a loss of asset value and loss of image (reputational damage).
  • The contamination coverage of civil liability policies is not adequate.
  • The environmental policy is the most economical option.

Environmental Risk Management:

Environmental graphic

We can help you!

Contact us at our nearest office or send us your inquiry through our contact form.

Request for information

Recommended insurance

Vehicle fleets

If you have a large number of vehicles in your company, we offer you the possibility of contracting a fleet policy, being able to give each one the coverage adapted to its specific needs.

Transportation

We know that your goods and/or products that you have in your warehouse are well controlled, well stowed and covered by a multi-risk insurance. However, do you know if they arrive correctly and in good condition to your customer? Do you know what mechanisms exist to cover these transports?

General Liability

Every business activity involves assuming certain liability risks with respect to third parties. Be it for the ownership of an asset, for a service rendered or for a product supplied. In the latter case, Product Recall Expenses coverage comes into play. Without it, the consequences for the company’s image and economic situation can be very serious.

All Risks Property Damage

Property damage insurance is not only for those damages that we know may happen, but also for those incidents that we do not know will happen. It is the difference between a Multi-Risk (commercial, SME or large company) and an All Risks Property Damage (TRDM). The former covers everything that is indicated in the policy. The second one covers what the first one covers, plus everything that is sudden and accidental and that we do not know could happen.
Back to all insurances
AIG

Multiriesgo

902 012 476

Cyberiesgo

914 381 284