Land Based Underwriters (LBU)


LBU was formed by a group of insurance professionals to meet the needs of businesses following major changes to legislation for environmental impairment.

The new laws came into effect in 2009 and since that time LBU has been working with insurers to provide environmental impairment insurance to brokers for their policyholders.  

LBU is now recognised as the leading supplier of environmental impairment cover and provides a unique quote and bind web-based service.  LBU has built a reputation of providing brokers with advice and guidance, which can be cascaded to their clients to provide the broker with on hand guidance through the new risks faced. 

Changes in recent legislation means every business is now at risk of prosecution if they cause damage to the environment.  

The LBU stand-alone environmental liability policy is specifically designed to cover the widest possible range of environmental liabilities such as: 

  • Statutory or regulatory liabilities - including tort liabilities 
  • Liability arising from gradual pollution as well as sudden and unforeseen pollution 
  • Liabilities of the insured for own property clean-up costs as well as off-site clean-up-costs
  • Environmental liabilities during transit
  • Investigation, complementary and compulsory remediation costs
  • Non-pollutant related environmental damage (e.g. damage caused by fire or flood)
  • Remedial action made prior to formal regulatory claim and before legal liability is officially established
  • Historical liability by agreement

Farming

Cover for up to £2,000,000 for loss resulting from any pollution in, on, at, under or migrating from the covered location or during transportation, including:

  • Own-land clean-up costs
  • Other land clean-up costs
  • Emergency containment costs   
  • Environmental Agency expenses/charges
  • Reinstatement of natural habitat costs
  • Legal technical defence costs   

Cover for up to £50,000 First Party Business Interruption resulting from any pollution in, on, at, under or migrating from the covered location.   

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Business 

Cover for up to £1,000,000 for loss resulting from any pollution in, on, at, under or migrating from the covered location or during transportation, including:

  • Own-land clean-up costs
  • Other land clean-up costs
  • Emergency containment costs   
  • Environmental Agency expenses/charges
  • Reinstatement of natural habitat costs
  • Legal technical defence costs   

 Request a QuoteLearn More