The object of compulsory environmental insurance is the property interest of a person engaged in environmentally hazardous types of economic and other activities related to his obligation established by the civil legislation of the Republic of Kazakhstan to compensate for harm caused to life, health, property of third parties and (or) the environment as a result of its emergency pollution.

The basic principles of compulsory environmental insurance are:

• indemnification guarantee;
• ensuring the fulfillment by the parties of their obligations under the obligatory environmental insurance contract;
• economic incentives to prevent accidental environmental pollution.