Environmental Insurance Coverage
Siesko, David M., Risk Management
A clear and effective emergency management plan Is essential when faced with the loss from an environmental disaster. But it is only one part of an environmental disaster plan. Comprehensive environmental insurance coverage may be equally as important to mitigate the human and financial impact of such an event.
Environmental risks have two basic components: the policyholder's obligation to clean up contaminated property and the policyholder's potential liability to third parties injured by the environmental hazard. These risks lead to financial damages in the form of environmental cleanup costs, third-party bodily injury claims, third-party property damage claims, regulatory fines …
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Publication information: Article title: Environmental Insurance Coverage. Contributors: Siesko, David M. - Author. Magazine title: Risk Management. Volume: 54. Issue: 11 Publication date: November 2007. Page number: 48. © 1999 Risk Management Society Publishing, Inc. COPYRIGHT 2007 Gale Group.
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