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 the past, Natural Disaster Seasons (NDS, i.e. Flooding, Tornados, Forest Fires, Hurricanes…) are a great time to talk pollution. Did you know most pollution policies do not exclude Acts of God. Pollution policies can cover first party business income, loss of rents and much more.
http://abc13.com/liberty-county-sues-arkema-plant-owners-for-$1m-/3206668/