Argo launches new pollution product

Argo International, the Lloyd’s insurer and member of Argo Group, has launched a new product that encompasses third party liability associated primarily with pollution but also environmental damage.

The company said it has been developed to address the increasing environmental liability requirements that legal developments in the UK and Europe have placed on businesses.

The Environmental Impairment Liability product covers events leading to pollution, which can be both sudden and gradual. It includes both Contractors Pollution Liability and Pollution Legal Liability.

James Cassidy, underwriter, general liability, said: “Our new EIL product has been developed in response to the increasing need our clients face for coverage to protect against environmental liabilities.

“Developments such as the EU Environmental Liability Directive, highlight the growing emphasis placed at a national and pan-European level, for businesses to insure against new risks arising from environmental and pollution damage. Our new product which complements our current suite of General Liability products, will provide further security for our clients and ensure that they are covered against both traditional and new liabilities.”