environmental Strategist, between the lines: Exacerbate: means to make worse, aggravate, intensify. If you exacerbate a pollution incident, under federal law you can be held accountable and have to expense defense dollars, claims management, clean up costs, business interruption, bodily injury, property damage, reputational risk….Contractors pollution liability insurance covers the insured should they cause or exacerbate a pollution incident.
USA Today is doing a series of pieces on our infrastructure and below are some links to give you some insight why. Contractors, real estate owners, municipalities, or owners or operators of our county’s infrastructure are all potentially at risk (i.e. oil and gas pipelines, water / sewer / storm water pipes, roads, bridges…) The United States is falling apart and most of it is out of sight so out of mind.
Exacerbation liabilities have put many a business out of business because they elected to self insure their environmental exposures. Our aging infrastructure creates a huge exacerbation environmental exposure for those that own, work on or live near our aging infrastructure. What is your financial assurance strategy?