What is the Definition of Environmental Impairment Liability Coverage?

What is the Definition of Environmental Impairment Liability Coverage?

A form of insurance designed to cover losses and liabilities arising from damage to property caused by pollution.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Environmental Impairment Liability Coverage?

What is the Definition of Environmental Impairment Liability Coverage?

You can find random definition and meaning of insurance terms below:


Meaning of Survivorship Life Insurance in Insurance Terms

A form of insurance that covers more than one person and pays a benefit after all of the insureds die. It can be used to help pay estate taxes after the deaths of a husband and wife or as a form of business continuation insurance. Also known as second-todie life insurance.


Meaning of Swaps in Insurance Terms

The simultaneous buying, selling or exchange of one security for another among investors to change maturities in a bond portfolio, for example, or because investment goals have changed.


Meaning of Tax Sheltered Annuity (Tsa) in Insurance Terms

In the United States, a retirement annuity sold only to organizations offering qualified retirement plans under section 403(b) of the U.S. Internal Revenue Code. (See 403(b) plan)


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