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Product ID: 400110EAU
 
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Basic Principles of Environmental Insurance

OnDemand Webinar (90 minutes)

Do you have the appropriate coverage with your environmental insurance? Uncertain and potentially costly environmental risks present difficult obstacles for parties involved in purchasing, selling, developing, leasing, operating or financing in today's business and real estate market. In an attempt to meet these needs, the insurance industry has developed a broad range of risk-specific environmental insurance products. In considering the use of insurance for the transfer of environmental risks, it is important to understand what the various insurance products are designed to cover, how to bind the necessary coverage and what issues must be considered and evaluated in negotiating these environmental insurance policies. This topic will help the person responsible for risk management, financing, due diligence or operations to understand the options and how to maximize the coverage to meet their needs.

Authors

Tanya O'Neill, Foley & Lardner LLP

Agenda

Overview to Environmental Insurance

  • History of Environmental Insurance Coverage
  • Current Marketplace

Potential Environmental Insurance Products

  • Pollution Legal Liability
  • Cost Cap
  • Reps and Warranties
  • Contractor's Professional Liability

Negotiating the Environmental Insurance Policy

  • Application Considerations
  • Critical Policy Terms
  • Modifications and Endorsements
  • Exclusions

Using the Environmental Insurance Policy

  • Making a Claim
  • Practice Pointers

Additional Formats

Audio & Reference ManualMore Info