The Liberty White Paper Series is thought leadership material for those who manage risk. In this three part series we look at some major environmental risks and how ever tougher environmental legislation could affect Australian businesses and the people who manage them.
Driven by stronger legislation and enforcement, the business risks arising from pollution are increasing both in scope and potential cost.
Many businesses are unaware of the dangers of gradual pollution. While fines and legal costs are large and increasing, clean-up costs are the major issue, sometimes running into millions of dollars and draining resources over years.
Gradual pollution coverage is not a feature of General Liability policies. As a result, many companies are exposed to uninsured environmental risk. Specialist Environmental cover may be the answer.