Environmental impairment liability insurance (EIL)

Term · Insurance and risk management · MLC-T-INS-001331

Specialized coverage that protects the insured against liability for pollution-related incidents not covered by standard commercial general liability policies. This insurance, also known as environmental impairment liability (EIL) insurance, addresses claims for bodily injury, property damage, and cleanup costs resulting from pollution events originating from the insured's property or operations. Policies are written on a claims-made basis, meaning the policy in effect when a claim is filed is the one that responds, not the one in effect when the pollution event occurred.

Table 1. Record
Identifier	MLC-T-INS-001331
Field	Insurance and risk management
Abbreviation	EIL

Record as JSON

{
  "id": "MLC-T-INS-001331",
  "term": "Environmental impairment liability insurance (EIL)",
  "field": "Insurance and risk management",
  "definition": "Specialized coverage that protects the insured against liability for pollution-related incidents not covered by standard commercial general liability policies. This insurance, also known as environmental impairment liability (EIL) insurance, addresses claims for bodily injury, property damage, and cleanup costs resulting from pollution events originating from the insured's property or operations. Policies are written on a claims-made basis, meaning the policy in effect when a claim is filed is the one that responds, not the one in effect when the pollution event occurred.",
  "abbreviation": "EIL",
  "url": "https://mlchart.com/terminology/insurance/environmental-impairment-liability-insurance-eil/"
}

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