Environmental threats to Property Owners
Property owners and companies are becoming increasingly aware of the legal and financial threats that can result from an environmental liability.
Even seemingly ‘low risk’ land used such as retail parks, offices and leisure facilities can hold unexpected environmental risks.
The ‘Polluter Pays’ principle remains in force however liability can often pass to the property owners, who find themselves facing claims for pollution and environmental damages of which they have no knowledge or control.
Environmental Impairment Liability policies have been designed to assist investors and property owners during an acquisition and for the ongoing management of property portfolios.
Policies are tailored to the individual needs of the property owner and can be extended to include not only the remediation costs but also loss of rental income.