Environmental Hazmat - Hazardous Materials - Insurance
Broker Directory Article
Environmental Hazmat (Hazardous Materials) Insurance in South Africa
Special risks are involved for companies engaged in the transportation of hazardous (or 'Hazmat') materials, which causes unique safety concerns.
|In the case of an indicent or crash with the subsequent release of cargo substance, the public & environment need protection from exposure, injury and/or contamination to hazardous materials! Crashes may also cause fires, explosions and the release of toxic fumes, where costs for clean-up and other damages or claims, could cost a fortune.
All transporters of hazardous (or 'hazmat') materials, should therefore seriously consider buying Environmental Insurance.
Typical cover would include:
• Liability following an incident;
• Scene clean–up costs;
• Scene rehabilitation costs.
Environmental claims can easily amount to thousands of Rands – if an incident caused large scale contamination.
There are a few niche insurers or underwriting managers providing cover options for Environmental Insurance.
These options may be confusing...
In fact, the smartest thing you can do is -- Get a specialist broker to do it for you!
|Also, note the following guidelines, tips and considerations applicable to Environmental Insurance:|
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