Cover against property damage, liability and accident in connection with the operation of nuclear energy installations. Cover is available, including damage cover on the installations themselves, from a single atomic energy insurance pool, the British Nuclear Insurers created by the British Insurance (Atomic Energy) Committee for the UK market as a whole. The pool currently comprises 13 insurance companies and 40 Lloyd’s syndicates. As a result most policies (marine, aviation and insurances of the person excepted) contain a radioactive contamination clause and an explosive nuclear assemblies clause.
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Nuclear energy insurance pools
Any of the insurance pools designed to provide property and/or liability coverage for organizations that handle substantial quantities of nuclear material.
Nuclear Energy Liability Insurance for Liability Insurance
Usually provided by various pools formed by insurers. Two types of overage available (i) The facility form for operators for nuclear facilities and the suppliers. (ii) Transporters’ forms for those that provide services, material etc., for such facilities or transport property to and from a facility. The coverage is restricted to liability arising out of nuclear accidents. Thus, these also need CGL policy.
Nuclear Exclusion
An exclusion of loss or damage or consequential loss or liability of any nature directly or indirectly caused by or contributed to by or arising from (a) ionizing radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel; (b) the radioactive, toxic, explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof.
Nuclear Installations Act 1965
Governs liability and compensation for nuclear damage for which a UK nuclear licensee is responsible. The Act requires compensation to be paid for damage to persons or property up to £140 million (reviewable). The operator’s strict no-fault liability runs for 10 years after the incident, the government accepting liability for 20 years thereafter. Each operator must be insured in respect of his liability under an insurance approved by the DTI before a licence will be granted. See NUCLEAR PERILS.
Nuclear perils
The risks of injury to persons or damage to property caused by radiation from nuclear reactor sites or by nuclear matter in the course of carriage.
Nuclear Reactor
An installation for the purpose of generating heat from atomic fission for conversion into energy.
Nuisance
Sir Frederick Pollock defined it as ‘a wrong done to man by unlawfully disturbing him in the enjoyment of his property or, in some cases, the exercise of a common right’. There are two kinds of nuisance. A public nuisance is a crime, e.g. causing a road obstruction, and is actionable only by individuals suffering special damage (something more than other affected parties, e.g injured by the obstruction not just inconvenienced). A private nuisance, a tort, is an unlawful interference affecting the occupier’s use or enjoyment of his property. Private nuisances are invasions by noise, smell, water or smoke to the point where it is unreasonable. Public liability insurance covers accidental obstructions and other forms of nuisance.
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Nuisance means acts or omission which unlawfully interfere with another person’s use of enjoyment of land or of some right in connection with it.
Nuisance Private
private nuisance arise out of the use of one’s own property in such a way as to cause physical injury to the property of another or interfere with its health or comfort.
Nuisance Public
A person is guilty of a public nuisance who does not act or is guilty of illegal omission, which causes any common injury, danger or annoyance to the public or to the people in general who dwell or occupy property in the vicinity or which must necessarily cause injury, obstruction, danger or annoyance to persons who may have occasions to use any public right.