environmental insurance Articles

  • Understanding what additional insured means in an environmental insurance policy

    Virtually all environmental contractors and consultants require some form of environmental insurance coverage to be able to bid on contracts and to provide their services to the public. It’s important for environmental contractors and consultants to understand their insurance needs and all the terms covered in their policies. Understanding what Additional Insured means with an environmental ...

  • Understanding Environmental Insurance & How it Works for You

    For environmental contractors and consultants, environmental insurance provides them with the ability to grow a business and bid on contracts. Without the correct limits, or complete coverage, a company is unlikely to be awarded lucrative contracts.   It’s important for environmental contractors and consultants to understand their insurance needs and what is covered in their policies. ...

  • Eco-Management and Audit Scheme (EMAS): opportunities and risks for insurance companies

    Environmental audits were designed on the EC level in Brussels with the declared objective of promoting continuous improvement of the environmental performance of industrial companies. The audit for the time being is a voluntary activity by firms. Hence, it is important that there are incentives to participate. One such incentive is the exploitation of a successful audit for marketing purposes, ...


    By Inderscience Publishers

  • Mine reclamation bonding and environmental insurance

    Mineral extraction is normally followed by rehabilitation of the mined area. A growing number of jurisdictions are using environmental bonding to provide financial assurance that rehabilitation will be carried out as agreed at the permitting stage. The current practice in environmental bonding for mining is critically reviewed. In theory, it is an efficient economic enforcement mechanism but has ...


    By Inderscience Publishers

  • Are Insurance Rates Going Up for IAQ Professionals?

    During the past eight years, the number of insurance carriers that provide coverage for environmental contractors and consultants has grown from about five to over thirty.  The result for companies in the industry has been lower insurance premiums, easier access to coverage, and low deductibles.     Many insurance experts believe that the era of low rates is about to change.  ...

  • Integrated Environmental Risk Financing for Successful Brownfields Redevelopment

    Untitled Document Environmental engineers and others involved with brownfields redevelopment have increasingly come to appreciate the role of the new environmental insurance products in financing ...

  • Legends Explains Environmental Consultants’ Insurance Needs

    Environmental consultants protect people and the environment from possible harm due to a variety of situations and contaminants.  The nature of their work makes it essential that they are protected by an insurance policy that covers their needs.  These needs can be diverse, depending upon their services and clientele, so it’s important that they understand the various types of ...


    By Cochrane & Associates, LLC

  • IAQ Consultants Encouraged to Review their E&O Insurance

    Errors & omissions (E&O) insurance, also known as professional liability insurance (PLI) and professional indemnity insurance (PII) is a crucial form of coverage for professionals dealing with indoor air quality (IAQ) consulting services.  E&O insurance helps to protect IAQ consultants who provide advice and services from the full cost of defending against negligence claims and ...

  • Environmental Insurance: Tailored to Fit

     More sophisticated insurance tools are making it earier to protect your property Contaminated properties represent a huge investment opportunity, but much of it lies untapped because of environmental liability concerns. Anyone who buys property that is actually or potentially contaminated should consider it as a risk management option, and they should do so very early in the brownfield ...

  • Nitrogen Dioxide Testing in Indoor Environments Protects Human Health

    During the winter months, when homes and businesses typically have their windows and doors closed, can result in an increase in indoor air quality (IAQ) complaints.  In addition to a lack of fresh air in many buildings during this time, problems due to gases not properly vented from heaters frequently occur.   Nitrogen oxides can be of increased concern during these cold winter ...

  • Environmental Insurance: Finding a Good Tailor

     An article by this author in the December 1999 issue of Brownfield News analyzed two new environmental insurance products, the cleanup cost cap and pollution liability policies, which have proven to be key factors in the success of some contaminated property transactions. The article explained that, to achieve this success, environmental insurance experts need to tailor the policy to the ...

  • Environmental Services Industry:

    According to Environmental Business International Inc., the US environmental services industry is a $178.3 billion a year industry representing approximately 115,400 firms which employ 1.2 million individuals. While no industry can expect to totally avoid change, no other industry has seen as much change in such a short period of time. Environmental consultants and contractors face numerous ...


    By Crystal & Company

  • The Availability of EIL Insurance During the 80’s and Early 90’s

    Introduction In Owens-Illinois, Inc. v. United Ins. Co., the New Jersey Supreme Court held that, in allocating insurance coverage for indivisible losses that trigger multiple coverage periods, the policyholder must share pro rata responsibility1 for self-insured, under-insured, and uninsured periods. When the policyholder has decided to forego insurance, as opposed to periods in which insurance ...

  • Environmental Insurance for Lenders: What is It, and Can It Substitute for Due Diligence?

     This article addresses two aspects of the new environmental insurance policies for lenders (usually referred to as Secured Creditor, or SC, policies): that of the sometimes significant differences among the policies now on the market, and the controversial due diligence issue - whether the policies can be a 'substitute' for environmental due diligence or a Phase I. The four major ...

  • Driving your growth and profits with brownfields

    Brownfields create economic growth while better protecting human health and the environment. Eligible Brownfield properties generally include property that has been or is being used for industrial, commercial, residential, agricultural or public purposes, is contaminated or perceived to be contaminated and/or functionally obsolete and/or blighted.Being a Michigan native, I will use Michigan as a ...

  • The New Environmental Insurance Products: When Does it Make Sense to Buy Them?

     Part One Introduction Real estate transactions with environmental problems often founder on attempts to shift the liabilities from one party to the other. In transactions with other types of problems, insurance is a popular risk transfer mechanism,  and is regularly used for that purpose, but it is used far less often when there are environmental risks. This so-called ...

  • Integrated Environmental Risk Management in Real Estate Transactions

     Traditional risk management posits a rational, five-step process for managing risks. The outstanding differences between this traditional process and the environmental risk management process lie in the technicality and complexity of step one (identifying and analyzing environmental risk) and of the first part of step two (examining the feasibility of  alternative risk management, ...

  • Environmental damage: what to quantify, prevent and insure

    The Environmental Responsibility of the various economic agents operating in Spain has already been required for the last two years with the passing of Law 26/2007 of 26 October on Environmental Responsibility. Also, its partial development, as defined by Regulation 2090/2008 of 22 December, has helped to better know the environmental damages repair projects contents. Over the next year, one of ...

  • Transfer Your Environmental Risks to a Third Party

    Remediation of contaminated sites often is costly and time-consuming, diverting scarce corporate resources from a company’s core operations. Moreover, the Sarbanes-Oxley Act and recent Securities and Exchange Commission and the Financial Accounting Standards Board rules and standards governing accounting for and reporting of environmental liabilities (e.g., FIN 47 Accounting for Conditional Asset ...


    By Freeborn & Peters LLP

  • Breaking Stakeholder Gridlock case study

    Challenge: Antea Group assisted multiple property stakeholders with the development of a liability transfer program to facilitate the remediation and closure of a PCB, chlorinated VOC and TPH contaminated former oil recycling depot site in New Jersey. Prior to Antea Group involvement, the property stakeholders had been in negotiation deadlock regarding the site for 18 ...


    By Antea Group - USA

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