The insurance perspective
There is a need for every environmental remediation contractor as well as any contractor with potential environmentally damaging operations to carry pollution liability insurance protection. No matter how experienced and safety conscious a contractor may be, equipment failures, human error or simply the inability to be 100% certain about all site conditions may result in an unexpected loss. The financial impact of a loss such as this may have very serious immediate effects on the contractors income and ability to stay in business. A million dollar loss would effectively put a small to medium sized contractor out of business while a larger concern would certainly feel the effects in terms of cash flow, the ability to retain key personnel and in the attraction new clients. Additionally, the contractor, small or large, is thrust into a situation involving environmental litigation and claims handling, two areas in which he most likely has no experience or expertise. This presentation will address the role that pollution liability insurance plays in assuring the proper completion of a remediation project without these negative effects, especially when the project goes awry.
- OSTI ID:
- 77993
- Report Number(s):
- CONF-9406319-; TRN: IM9531%%43
- Resource Relation:
- Conference: HazMat `94: international environmental management and technology conference and exhibition, Philadelphia, PA (United States), 15-17 Jun 1994; Other Information: PBD: 1994; Related Information: Is Part Of HazMat 94 international. Twelfth annual environmental management and technology conference international: Proceedings; PB: 696 p.
- Country of Publication:
- United States
- Language:
- English
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