Definition of "Nuclear energy liability insurance"
Bob McGrath, Real Estate Agent
Key Realty
Coverage for bodily injury and property damage liability resulting from the nuclear energy material (whether or not radioactive) on the insured business's premises or in transit. This insurance has become more significant since the Three Mile Island accident. In order to obtain a license for a nuclear facility, there must be evidence of financial responsibility such as insurance. Nuclear energy liability is excluded from nearly all other liability policies.
Have a question or comment? We're here to help.