Simply due to their resources, High Net Worth (HNW) insureds are impacted by a cornucopia of environmental exposures. One example, the Renovation, Repair and Painting (RRP) rule impacts HNW insureds that own property (homes, commercial buildings…) built prior to 1978. Lead based paint was banned in 1978. The RRP rule is designed to minimize the…
Category: Featured
Home Depot Agrees to Pay $27.84 Million Settlement for Illegal Disposal of Waste
environmental Strategist®, between the lines: As we have reported for more than two decades, Illegal disposal of waste in the United States is a tens of billions of dollars a year industry. What does a company look like that illegally disposes of waste? Besides Home Depot, illegal disposers or waste that have paid government fines…
Lawsuits filed for contamination after Hurricane Harvey
Each year, the losses from Natural Disasters continue to rise. In correlation, we are seeing a rise in the number of lawsuits for environmental liabilities caused by Natural Disasters. For businesses located in areas impacted by Natural Disasters, part of “Best Practices” is having a financial assurance strategy in place. As ERMI has coached in…
ERMI Business Professional Series Realtors
Licensed Real Estate Professionals have a duty to perform their services with a level of care which is established by contract and prevailing standards of conduct in their field. The fact is, Realtors have professional duties to disclose material facts of which encompass environmental exposures / liabilities. Today’s, transparent business environment, means real estate professionals…
How are your client’s buying their raw materials?
Environmental Strategist between the lines: The majority of transportation pollution losses occur during the loading and unloading process, see the link below. It’s also important to understand how your clients are buying their raw materials, FOB (freight on Board) point of shipment or FOB point of delivery? The majority of businesses buy their raw materials…
ERMI on Contractors Operating Facilities
Continuing with our environmental risk management series for contractors, you will find attached an environmental Risk Assessment (eRA) for pollution exposures impacting Contractors Operating Facilities. So often we strategize on the pollution exposures impacting contractors while operating in the field but what about their office / shop / equipment storage… operations that support their in…
TEAMing with Electrical Contractors
Continuing with our environmental risk management series for contractors, you will find attached an environmental Risk Assessment (eRA) for Electrical Contractors. We’ve developed eRA’s for over 80+ classes of business to get you and your clients on the same page about the environmental exposures impacting their operations. We send our eRA’s in a Word format,…
ERMI on Masonry Contractors
Continuing with our environmental risk management series for contractors, you will find attached an environmental Risk Assessment (eRA) for Excavators. I want to share with you an email I received from one of our retail agency partners regarding his experience using ERMI eRA’s. Email from agent: All I had to do at the P&C pre-renewal…
TEAMing with Accountants to Drive Insurance Sales
Offering assurance on a client’s financial position is the foundation of an Accounts business model. The Accounting profession offers various levels of assurance from an Audited financial statement, Reviewed or Compilation. After going through their defined process, Accounts offer an opinion whether the financial statements are accurate and free of material misstatements. The Accountants work…
TEAMing with Attorney’s To Drive Insurance Sales
Of all the “business professionals” (i.e. attorney’s, accountant’s, banker’s, realtor’s, environmental engineers) we are highlighting in the ERMI TEAMing with “Business Professionals” series, attorneys represent the lowest hanging fruit for insurance professionals to TEAM with. There are several reasons for this which we will cover in this competitive environmental intelligence but mainly, attorneys tend to…