Course description
Basic Principles of Environmental Insurance
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.
Learning Objectives
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Who should attend?
Training content
- Overview to Environmental Insurance
- History of Environmental Insurance Coverage
- Current MarketplacePotential Environmental Insurance Products
- Pollution Legal Liability
- Cost Cap
- Reps and Warranties
- Contractor's Professional LiabilityNegotiating the Environmental Insurance Policy
- Application Considerations
- Critical Policy Terms
- Modifications and Endorsements
- ExclusionsUsing the Environmental Insurance Policy
- Making a Claim
- Practice Pointers
Costs
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Lorman Education Services - Live and On-Demand Courses
Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...