Environmental insurance experts highlight the benefits of coverage

01/29/2013 | PropertyCasualty360

Companies have many reasons to consider environmental insurance, given the high cost of confronting risks such as groundwater contamination, experts say. "There has to be communication up and down the chain so everyone in the organization knows what to do if there's a release of a contaminant," said Claire Juliana of Aon Risk Solutions' Environmental Services Group. Veronica Benzinger of Aon Risk Solutions said that because such insurance is written in the surplus-lines market, brokers can develop "policies that address business issues and provide the solutions that our clients need, as well as balance-sheet protection."

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