The role of the new environmental insurance products in financing environmental liability risk are discussed. Insurance not only supports or substitutes for indemnification applicable to unknown loss, it also lubricates the wheels of financing for known, expected loss. It is reported that determining the availability and cost of insurance is the first step in financing known loss, as well as jump-starting the transaction.
|Original language||English (US)|
|Number of pages||4|
|Specialist publication||EM: Air and Waste Management Association's Magazine for Environmental Managers|
|State||Published - Jan 2001|
ASJC Scopus subject areas
- Environmental Engineering
- Waste Management and Disposal