Eric McCabe’s Post

Ever wondered how environmental insurance may benefit your client? Check out Great American’s Environmental Insights to learn about the industries we serve and how we customize our products to best fit your client’s interests. https://lnkd.in/eRyCkPqi

Ever wondered how environmental insurance may benefit your client? Check out Great American’s Environmental Insights to learn about the industries we serve and how we customize our products to best fit your client’s interests.

Discover why environmental insurance matters and why brokers need to be knowledgeable about it. Explore the complexities of environmental risks and how insurance can provide crucial financial protection. https://hubs.la/Q02rZrYd0

Navigating Environmental Insurance Trends: Insights from DOXA In the dynamic landscape of environmental insurance, staying ahead of emerging trends is essential for both agents and carriers alike. With complexities evolving rapidly, having expert guidance becomes paramount. DOXA, a leader in the environmental insurance sector, offers valuable insights into the current trends shaping the industry. In recent conversations between specialists at DOXA, key trends were discussed, shedding light on critical shifts impacting the marketplace. https://ow.ly/uJna50SpwTS

When it comes to environmental insurance coverage, complexities and challenges abound. Risks evolve rapidly, and it can be tough to keep up with emerging trends, particularly if you aren’t working with environmental risks each and every day.

SEIP 2024 SPEAKER SPOTLIGHT: Join the Insurance Business America Hall of Famers Ken Berger, Joe Boren, and David Dybdahl,CPCU,ARM, CIC, MBA for their Panel Discussion "Evolution, Insights, and Future Trends in Environmental Insurance. "This session offers a retrospective analysis of the environmental insurance landscape spanning several decades. In a Q&A they will share their insights, experiences, and observations, providing attendees with a historical perspective on how the environmental insurance market has evolved over time. Through their collective wisdom, participants will gain a deeper understanding of the challenges, opportunities, and pivotal moments that have shaped and are shaping the industry and valuable lessons learned along the way! Register today before we sell out! #EnvironmentalInsurance #IndustryInsights #HistoricalPerspective #InsuranceMarket #EnvironmentalProtection #RiskManagement #InsuranceIndustry #ExpertPanel #Insights #LessonsLearned #SEIP2024

Environmental insurance coverage is a key component of a comprehensive business insurance program, protecting employers from potential contaminants that threaten their property and that they could be held liable for. What can companies expect from environmental insurance coverage in 2024? Lydia Zaharia, Regional Environmental Marketing Director Marsh McLennan Agency, elaborates in this Legal Dive article. #Environment #Trends

Environmental insurance coverage is a key component of a comprehensive business insurance program, protecting employers from potential contaminants that threaten their property and that they could be held liable for. What can companies expect from environmental insurance coverage in 2024? Lydia Zaharia, Regional Environmental Marketing Director Marsh McLennan Agency, elaborates in this Legal Dive article. #Environment #Trends

When I speak to risk decision makers around protecting their business from Environmental exposures, there seems to be a lot of commonalities around relying on contract requirements to protect their own assets or investments. Whether these contracts are related to lease agreements, lender requirements or municipal approvals, it is important to keep the following in mind when identifying and managing risk. 1) Clearly outlining the responsibility of each party and what indemnities are in place by contract. If it's not in writing, it won't hold. There are enforced and legacy contracts being used without consideration around Environmental indemnity or insurance provision. 2) Evaluating your maximum loss potential and understanding what portion of your risk is adequately covered. Even if risk is transferred to a third party, with what certainty can you say they will rectify the issue or if their insurance program will respond to the loss or claim in its entirety? 2) Environmental Risk Transfer via Insurance Products - they come in all shapes and sizes. Conducting frequent insurance audits to review if the product being purchased truly protects you from what it is intended to do. There is a potential for coverage limitations, sublimits and site or activity specific exclusions. It is always best to protect your business with a tailored made insurance solution, even if your exposure is contingent. 4) Traditional P&C products offer little to no coverage around Environmental exposures. Coverage is typically limited to Third Party Bodily Injury and Property Damage with a discovery/reporting period. Majority of the Environmental claims happen over time and pertain to clean up costs, which are the core benefits of a standalone environmental insurance product. As we continue to grow, Gallagher is here to help you protect your business and create impactful solutions. Do you currently protect your business from Environmental risk? If not - let's have a chat. #protectyourbusiness #protectyourinvestment #Gallagher #thegallagherway #environmentalinsurance #environmentaleducation #environmentalrisk

Thank you, Insurance Business America, for including me in your latest article. Are brokers overlooking environmental insurance? The answer is yes, but the good news is that there are solutions! Read more about this coverage line and why it's so important here to include environmental insurance in your coverage offerings to clients: https://lnkd.in/gVn6r9wx #Insurance #Brokers #EnvironmentalInsurance #insuranceagents #Coverage #pollutionexclusions