Environmental Liability Insurance Cover Image

Osiguranje od odgovornosti za štete prouzrokovane životnoj sredini
Environmental Liability Insurance

Author(s): Jasmina Labudović Stanković
Subject(s): Economy
Published by: Универзитет у Нишу
Keywords: Insurance; Liability Insurance; Environmental Damage

Summary/Abstract: Starting from Directive 2004/35/EC on environmental liability with regard to the prevention and remedying of environmental damage and using the comparative method of research, the author analyzes how the issue of liability for environmental damages is regulated on both sides of the Atlantic, i.e. in the European Union and the United States of America. In that context, the author presents the state of affairs in the Republic of Serbia. The paper provides an overview of the types of liabilities and the way of securing financial laibility. In particular, the author analyzes the issue of liability insurance as the most commonly used financial security mechanism. Special attention has been given to the issues concerning the extent of coverage provided by insurers and the dilemma whether to accept compulsory or voluntary liability insurance.

  • Issue Year: 2012
  • Issue No: 03
  • Page Range: 1261-1278
  • Page Count: 18
  • Language: Serbian