Cleanups must meet regulatory standards. This can be a very costly process.
Whether you carry large amounts of materials, or you are the local gas station, you need to be protected. Even if you are an innocent party, under the Environmental Protection Act you may still be required to clean up instances of pollution regardless of the cause. Pollution is defined as any foreign object or substance that does not belong in a particular environment. A substance need not be a hazard to qualify as pollution, it only has to be somewhere that it doesn’t belong.
Cleanup work can often reach into the millions of dollars.
The previous use of the land must be taken into consideration. Your business may not have been at fault, but what if a previous enterprise committed this act? Include Historical Coverage to protect yourself against this liability.
What businesses surround yours?
It is very common for neighboring properties activities to cross over onto your premises. Legally you are now responsible for the remediation.
Not only can an owner be held responsible, but any past, present or future director, officer, or person with authority over the management of the property, can be at risk. The Ontario Clean Up guidelines get updated every few years, adding stricter standards; which in turn increases the costs to comply.
Your pollution insurance policy will cover, up to your limits, for costs resulting from Bodily Injury, Property Damage, Clean up, and if required, Legal Defense.