According to Spanish regulations, operators of nuclear and radioactive facilities or of any other facility that produces or works with radioactive materials or has devices that can produce ionizing radiation, will be responsible for the nuclear damage caused.
One of the accepted procedures for the operators of nuclear or radioactive facilities to establish coverage for the nuclear risk that may arise in relation to the liability derived from nuclear accidents is to subscribe an insurance policy that guarantees said required coverage.
ESPANUCLEAR is the Spanish Agreement for the Subscription of Nuclear Risks established between insurance and reinsurance entities for the joint subscription of this type of risk in order to offer the greatest coverage capacity of Spanish Insurance in the different markets.
