Pollution legal liability Insurance functions as a risk management tool for residential, commercial and industrial property owners. The policy provides protection against claims arising from unknown historic and future environmental liabilities that could impair an owner's ability to sell, transfer, develop or operate property. This coverage can provide protection against regulatory risk, should the action levels for specific contaminants change over the policy period. In addition, the risks of acquiring or making new investments in commercial properties are minimized when a pollution legal liability insurance policy is in place before closing. The policy can replace the need for indemnification agreements, personal recourse guarantees, escrow accounts or price reductions that buyers and lenders often require. These policies provide the confidence that you have diligently investigated and managed the risks and long-term liabilities associated with ownership of environmentally impacted property.