Quiz: How much do you know about Environmental Liability Insurance?

As part of your role as an insurance broker, you are probably advising clients on different types of cover every day. However, when it comes to Environmental Impairment Liability insurance, how well do you understand the details behind such a policy? Take our quiz to find out whether you are an EIL expert.

Which policy offers what cover?

1. Gradual release

Example: An oil storage tank gradually leaking into the soil.

1. Public and Products Liability Policy
2. Public and Products Liability Policy with a Barter Line Extension
3. Environmental Liability Policy

2. Statutory emergency costs

Example: The cost of emptying a drainage ditch to stop fuel travelling, as directed by the Environment Agency.

1. Public and Products Liability Policy
2. Public and Products Liability Policy with a Barter Line Extension
3. Environmental Liability Policy

3. Preventative measures needed

Example: Building a bund around a fire scene to prevent contamination of a Site of Special Scientific Interest.

1. Public and Products Liability Policy
2. Public and Products Liability Policy with a Barter Line Extension
3. Environmental Liability Policy

4. Statutory clean-up of own property

Example: A chemical spillage on a person’s own property.

1. Public and Products Liability Policy
2. Public and Products Liability Policy with a Barter Line Extension
3. Environmental Liability Policy

5. Statutory clean-up of third-party property

1. Public and Products Liability Policy
2. Public and Products Liability Policy with a Barter Line Extension
3. Environmental Liability Policy

6. Damage to biodiversity

Example: Statutory requirement to clean up a chemical spill killing protected species on the person’s own land.

1. Public and Products Liability Policy
2. Public and Products Liability Policy with a Barter Line Extension
3. Environmental Liability Policy

How did you do? Are you an EIL Expert?

Find out the answers to the questions below. Got a low score? Brush up on the subject by reading our case studies and prosecutions pages. It even counts towards your CPD training minutes!

Land Based Underwriters are at the forefront of innovative insurance policies. Get a quote for Environmental Liability insurance or contact us to become an LBU broker today.

Answers

1. C
2. C
3. B
4. C
5. A
6. C