Managing the Risks of An Environmental Claim By Randall E. Hobbs, Esq. Unlike most traditional property and casualty insurance claims, a distinct characteristic of an environmental claim is its sense of urgency.
Environmental incidents require instant attention.
The need for quick and effective action is necessary to contain both the incident and a company's liability. Far too many companies that have suffered an environmental loss enter the situation unprepared to handle the costs, decisions and activities required. They are faced with finding a qualified remediation contractor, choosing the proper cleanup method and action plan, negotiating with state or federal agencies, or defending a third-party claim in court. Therefore, preparation for the if and when of an environmental incident manages potential future liabilities, controls costs and maintains a positive image with employees, customers and the public at large. Effective Decisions Successful management of an environmental incident requires effective decision-making, and that often requires specialized expertise.