Episode 14 of our Powered By podcast series is now available!
This episode of the podcast series, hosted by Sarah Baldys and Grace Brighter, explores how Marsh helps clients manage environmental risk across land acquisition, development, construction, and operations, with environmental practice leader Kimberly Mann explaining how her team focuses on pollution-related exposures. The conversation emphasizes the importance of early environmental due diligence, especially Phase I environmental site assessments, to understand historical site conditions, identify potential liabilities, and support informed decisions for projects such as power facilities and data centers. Kimberly also discusses how indemnities, escrows, contractual risk transfer, and pollution insurance can help address both known and unknown contamination issues that may arise during a transaction.
The discussion then moves into the construction and operational phases, where environmental exposures can expand through existing contamination, contractor activity, and new pollution generated on-site. Kimberly outlines how different pollution liability insurance products can support each stage of the project lifecycle, including site pollution coverage and contractor’s pollution liability, while also helping satisfy lender and investor requirements. The episode closes by highlighting the operational realities of data centers, including water use, wastewater, noise, and indoor air concerns, and underscores the need for leadership to oversee environmental risk comprehensively to protect project viability and long-term resilience.