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ENVIRONMENTAL

With a multidisciplinary team of experts, you can protect your balance sheet and your brand from the potential of environmental disasters.

More than 60 full-time environmental insurance professionals worldwide… Over US$700 million in environmental premium in the past five years… more than US$6 billion in limits in the US in 2014

Environmental concerns continue to be a leading societal and business risk issue, whether related to quality and adequacy of water resources, threats to human health and the environment as a result of industry, or risks related to climate change.  For multinational firms, complying with a global patchwork of societal priorities and regulations from the US Environmental Protection Agency, European Liability Directive, and others, this complexity often results in material risk to achieving successful business outcomes.

Marsh helps organizations navigate this increasingly complex landscape by providing an understanding and assessment of environmental risks, determining appropriate risk management solutions to address risks, identifying and negotiating environmental insurance solutions, and, where necessary, providing claims management expertise. Our industry-leading environmental insurance brokerage practice, 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 best-in-class solutions.

The result: Expert advice to drive an optimized risk management program. Solutions to protect your balance sheet and reduce your total cost of environmental risk. And a trusted partner to help you reduce risk and realize your business goals.

Contractors and Consultants

Spills of fuel or hazardous materials.  Sediments discharged into protected wetlands.  These and other environmental issues can derail a construction project, resulting in delays, fines and penalties, project shutdowns, or even third-party bodily injury or property damage claims. Contractors may believe that their general liability policies will provide protection, but policies typically exclude pollution releases resulting from their operations or services.

Marsh's environmental professionals have access to benchmarking, coverage gap analysis, and sector-specific tools. We help ensure that construction firms get the best information to make informed decisions about managing their environmental risks.

Manufacturing

As part of their ongoing business operations, manufacturing companies must manage numerous environmental exposures to successfully compete in a global marketplace. These risks can include:

  • Regulatory exposures around the world, including changes in environmental laws requiring responses to pollution.
  • Supply chain risk.
  • Operational exposures that result in the discovery of exisiting pollution conditions or new conditions related to spills and releases.
  • Legacy exposures resulting from divestitures, acquisitions, plant closings, non-owned disposal sites, or company restructuring.
  • Cleanup projects that can absorb significant financial resources and often result in expensive cost overruns.

In addition, many closed plants or under-used properties represent opportunity for redevelopment as brownfields. Manufacturers should have a complete understanding of environmental risk and solutions to address the risks and opportunities within their business platform.

Marsh's environmental professionals have access to benchmarking and a range of risk management solutions to address these risks. We help ensure that our chemical clients get the best advice and information available — so they can make informed decisions about their environmental risk management strategy.

Automotive

Amid increasing complexity in global environmental regulations, the automotive industry must maximize profitability while ensuring environmental sustainability. In doing so automotive companies must address multiple environmental risks, including:

  • Supply chain risk.
  • Operational exposures that result in the discovery of pollution conditions or new conditions related to spills and releases.
  • Legacy exposures resulting from divestitures, acquisitions, plant closings, non-owned disposal sites, or company restructuring.
  • Regulatory exposures around the world, including changes in environmental laws requiring responses to a pollution condition.
  • Cleanup projects that can absorb significant financial resources and often result in expensive cost overruns.

In addition, many closed plants or undere-used properties represent opportunity for redevelopment as brownfields. Automotive companies and suppliers should have a complete understanding of environmental risk and solutions to address the risks and opportunities within their business platform.

Marsh's environmental professionals have access to benchmarking and a range of risk management solutions to address these risks. We help ensure that our automotive clients get the best advice and information available — so they can make informed decisions about their environmental risk management strategy.

Health Care

Within the last decade, hospitals and other health care facilities have been under increased scrutiny from environmental regulators. They  have also seen additional challenges managing indoor air quality such as mold and legionella and face decontamination costs associated with viruses or bacteria. Healthcare facilities’ operations are particularly vulnerable for two primary reasons:

  • Their population (i.e. patients, many  with compromised immune systems).
  • Payouts of millions of dollars in damages resulting from improper waste management or disposal and subsequent cleanup.

Hospital exposures resulting from adverse environmental impacts to air, soil, and/or water can challenge a facility’s operational environment, harm its reputation, and damage its balance sheet and competitiveness.

Marsh's environmental professionals have access to benchmarking, coverage gap analysis, and sector-specific tools. We help ensure that our health care clients get the information needed to make informed decisions about their environmental risk management strategy.

Energy

There is no doubt that the global economy runs on energy. New discoveries and recovery techniques have significantly changed the energy market in the US and internationally but have also created new environmental risks. Increasing environmental awareness has stretched across all segments of the energy business.

For example, heated debate about the movement of oil and gas in the US has arisen around the Keystone pipeline. But while concerns are raised about the increasing “midstream” infrastructure being built, the risks of moving these products above ground (either through rail or truck) is highlighted by recent disasters. Sound financial risk management tools are called for in either case.

In addition, the petrochemical and marketing segments of the business continue to pose environmental risks for both short- and long-term exposures.  Finally, the recent downturn in spot-market oil pricing has resulted in a significant slow-down in energy production, service, and drilling businesses. This downturn could result in significant consolidation of smaller exploration and production companies and service providers over the next few years. In sucha a scenario, the appropriate allocation of risk and/or financial risk transfer through insurance will become increasingly important.

Whether it is helping our energy clients evaluate and quantify their risks, placing effective insurance programs, or transferring risks in a complex merger and acquisition, the Marsh Environmental Practice experts have the expertise and experience our energy clients need.

Waste

Helping companies comply with financial assurance requirements under the Resource Conservation and Recovery Act (RCRA) is a key reason environmental insurance solutions were developed. RCRA mandates that companies use approved financial assurance mechanisms, such as insurance, to demonstrate that in the event of a release of hazardous substances to the environment, they will have sufficient funds to finance the cleanup, closure, and post-closure care of their facilities and manage third-party liability claims for bodily injury, property damage, and cleanup.

Marsh continues to be at the forefront of financial assurance for our waste industry clients. Whether determining state-specific requirements or the exact wording of instruments to comply with federal or state regulations, our environmental professionals have the best information available to help waste industry clients make informed decisions about their environmental risk management options and strategies.