environmental insurance policy 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 ...

  • 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 ...

  • 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 ...

  • 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

  • Integrated Environmental Risk Management Strategies: Funding Environmental Cleanup from Pre-existing Insurance Policies

    One of the terms used to describe the newest environmental risk management strategies, is the term 'Integrated Environmental Risk Management.' This involves evaluating and 'integrating' both new and traditional resources to help clients manage, control, avoid and ultimately transfer environmental risks. Environmental Services Group & Dispute Resolution Management, Inc. At ...


    By Crystal & Company

  • 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. ...

  • Insurance Matures for Redevelopment

    After going through an often-painful learning curve in the late 1970s and 1980s, insurance underwriters have developed increasing expertise in writing policies to protect property owners, contractors and other parties in site-remediation projects against unforeseen cost exposures. Two principal insurance vehicles - remediation cost-cap and pollution legal liability (PLL) - are used on many ...

  • 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

  • Common insurance misconceptions

    There are some common misconceptions regarding insurance for the waste industry. The most prevalent of which revolves around Environmental Insurance and who really needs this coverage. Many waste industry operators believe this type of coverage is only needed by hazardous waste haulers or entities engaged in landfill operations. While both of these operations would need environmental coverage, it ...


    By Waste Advantage Magazine

  • Insurance for Crossing the Valley of Death

    To achieve a modest reduction in atmospheric carbon dioxide emissions, global investment in renewable energy assets would need to increase from current levels of about $100 billion per year to $500 billion per year. Some of this increase can be accomplished by investment in existing, commercially proven technologies; but to meet the challenge of rapidly scaling renewable energy, we also need to ...


    By GLOBE Foundation

  • 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 ...

  • 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 ...

  • 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 ...

  • Engaging buyers, sellers and insurance markets case study

    Challenge: Antea Group was retained by a bankruptcy trustee responsible for divesting assets of a 169-facility convenience store chain to build an environmental risk transfer strategy designed to quantify and cap the liabilities. Solution: Antea Group evaluated the portfolio of sites to define the current status of previously reported environmental ...


    By Antea Group - USA

  • 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 ...

  • View on Private Sector: Insuring against climate change

    A recent UN report said that global warming will cause trillions of dollars of damage to coral reefs in the Caribbean. It also warned that small island states will be disproportionally affected by the impact of ...


    By SciDev.Net

  • Insurers Have Huge Role As Clean Energy Investors

    Conversations about climate change and the insurance industry usually focus on catastrophic storms and their damaging financial ripples for insurance providers. Given skyrocketing extreme-weather losses in recent years, it’s surely a legitimate issue that should be making insurers re-think their business models. But insurers have another important role on the climate issue, which is how to ...


    By Ceres

  • An Effective Environmental Policy Statement Is Your Foundation!

    Untitled Document The first two issues of EHS Strategy & Management Quarterly have dealt with the advantages/disadvantages of choosing a particular organizational structure and ...


  • 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 ...

  • Flood risks and environmental vulnerability — Exploring the synergies between floodplain restoration, water policies and thematic policies

    Nowadays floodplain areas are reduced in size or no longer function as active floodplains, thereby impacting on the delivery of environmental services to local and regional communities and economies. These services include regulating services such as protection against floods or water purification; provisioning services, such as nutrient collection and fertile soil formation; and cultural ...

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