Environmental concerns frequently dominate the headlines and continue to be a leading social and business risk issue. Environmental risks include the protection of water resources, impacts to human health, and the maintenance of biodiversity and the quality of the environment.
The nature of many businesses’ operations means that pollution or environmental damage could occur at any time and from a European regulatory point of view, the past decade has borne witness to a tightening of the environmental regulatory framework under which companies in Europe are required to operate, including the implementation of the European Union’s (EU’s) Environmental Liability Directive (ELD) and the development of individual, member-state legislation to embed the spirit of the ELD locally.
Marsh helps you to navigate the increasingly complex landscape of regulations and stakeholder pressures by providing an assessment of your environmental risks, determining appropriate environmental risk management solutions and identifying and negotiating environmental insurance solutions where necessary.
Our environmental insurance brokerage team – one of the world’s largest – is staffed by professionals drawn from engineering, consulting, underwriting, business, and risk management. These professionals, members of a team dedicated solely to environmental risk, benefit from a collaborative culture that encourages knowledge sharing, helping to ensure you have access to best-in-class solutions. For example, under the current environmental liability regimes put in place to protect the environment, the liabilities of business have increased by between 10 to 40 times, with costs of clean-up being defined with reference to an environmental baseline of environmental quality.
Sophisticated business needs often require more than insurance. Our environmental practitioners provide consultative advice around risks, risk quantification, and diverse risk management options that include both insurance and non-insurance techniques.
Count on expert advice to drive an optimized environmental risk management solution providing protection for your balance sheet and reducing your total cost of environmental risk. Marsh as a trusted adviser can help you reduce environmental risk and achieve your business goals.