Environmental impairment liability insurance for landfills
Landfill operators are increasingly held responsible for environmental impairment resulting from their activities. Once a facility has been filled and closed, income from fees charged for delivery of and disposal of materials is no longer generated.
Yet this is precisely when the actual environmental risk begins to escalate. The considerable cost of closure and after-care drives the landfill operator‘s need for protection and determines the role of the insurer in a comprehensive environmental impairment liability insurance plan.
How is premium payment to be ensured while the site is being restored, secured and monitored? Few of the environmental impairment liability policies currently available emphasise long-term protection against landfill-associated risks. Swiss Re fills the gap with a long-term solution, bearing witness to the company’s innovative capabilities. The publication, a revised version of the popular 1990 edition, covers the changes in the environmental risk landscape that have emerged since that time, and includes insight into both their legal ramifications and the lasting impact of landfills.
