3. Set up financial guarantees

For a Seveso facility, financial guarantees are required. These enable the authorities and the local community to protect themselves against the possible insolvency of the operator, who is civilly liable for any damage he may cause to third parties. They are intended to ensure site surveillance and the safe operation of the facility, as well as intervention in the event of accident and/or pollution before or after closure, and site restoration after cessation of activity.

Financial guarantees consist of a written commitment from a bank or insurance company.

The authorization file must include a chapter on the procedures envisaged for the establishment of financial guarantees (in particular, the nature, amount and deadlines). The operator must provide a document certifying that financial guarantees have been set up.

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