Environmental Risks at Ports and Terminals Grow as Oil Traffic Drives Activity
The right risk-transfer strategies can protect operators’ bottom line.
From vessel berthing and cargo management to construction and mergers and acquisitions, ports and terminal operators must understand the potentially greater environmental risks they face as a result of current and historic operations and regulatory scrutiny.
The growing use of marine terminals and shore-side facilities by the energy sector creates significant revenue opportunities for ports and terminal operators, but also carries greater environmental risk, including uncovering previously unknown contaminants during expansion and violating complex environmental regulations. An understanding of environmental risks combined with thoughtful coordination of marine and environmental insurance solutions can help protect the bottom line.
We cover how marine and environmental policies can help you mitigate the risk, better safeguard operations, and protect your company’s bottom line, discussing:
- Potential environmental liabilities, including operational risks, historical and legacy exposures, and regulatory scrutiny.
- The role risk transfer plays in protecting port and terminal operators.
- Four different options for structuring insurance programs.
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