The legislation establishes that this type of insurance should be contracted by all companies that may contaminate the environment, either by their activity or by their facilities.
The main coverages of this product are:
1. Payment of the Compensation.
This coverage covers the liability of the insured for damages caused by environmental pollution:
Compensation and repair of damage to natural elements.
Compensation for personal injuries.
The cost of repair or replacement for material damages.
In the case of damage to flora or fauna, the healing or replacement of species and the reestablishment of the necessary conditions for their life and reproduction is guaranteed.
Compensation of the consecutive patrimonial damages credited.
2. Defense Costs and Civil Liability
The defense of the insured in front of the claim, assuming the costs and the judicial and extrajudicial costs.
The constitution of the judicial bonds required to guarantee the civil results of the procedure.