What Does EIL Stand For?
EIL stands for Environmental Impairment Liability
Environmental Impairment Liability (EIL) refers to a type of insurance designed to protect businesses from financial losses resulting from environmental damage caused by their operations. This coverage typically includes costs associated with cleanup, legal fees, and third-party claims related to pollution or contamination. EIL policies are crucial for companies in industries with potential environmental risks, ensuring compliance with regulations and safeguarding against unforeseen environmental liabilities.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym