espaΨηφιακός Μετασχηματισμός ΜΜΕ

CORPORATE INSURANCE Environmental Liability

The “polluter pays”. This is the principle on which European legislation is based, which has been incorporated into the Greek law by the Presidential Decree 148 / 29.09.2009. Any company that causes damage by polluting the environment has the obligation to repair the damage and compensate third parties.

What is environmental damage?

  • Damage that seriously affects the environmental (ecological, chemical, or quantitative) state of water resources, as defined in the EU Water Directive (Directive 2000/60 / EC) and the Marine Strategy Directive (Directive 2008 / 56 / EC).
  • Soil damage which poses a serious risk to human health
  • Damage to protected species and natural habitats which adversely affects conservation – as defined in the Wild Birds Conservation Directive (Directive 2009/147 / EC & Directive 79/409 / EEC) and the Natural Habitats Directive (Directive 92/43 / EEC).Αnax_astiki_perivallontiki_euthini-insurance2.jpg

Under the law on imminent threat of damage, the company must take the necessary precautionary measures without delay. Whereas, in case the damage has already been caused, the company must immediately inform the authorities and take measures to manage the situation to prevent further environmental damage and threats to human health and, finally, to take the appropriate remedial measures.

The company must pay prevention and remedial measures, except in certain cases, e.g., if the damage was caused by a third party, despite appropriate safety measures, or is due to compliance with official instructions.

ANAX specialized consultants will inform you about everything you need to know, based on the industry in which your business operates in. There are specific terms, deductibles, and exclusions that every business must fully understand before signing a relevant insurance policy.

Copyright by ANAX. All rights reserved.

Copyright by ANAX. All rights reserved.