Question

What is property ownership and environmental risks in business, and how insurance may be used to mitigate or absorb them.

• How should a business assess environmental risks associated with property ownership?
• What steps should it take to ensure a complete consideration of those risks?

Answer 1

Answer: when problems anise, owners are often surprised to discover that their general licebility cmel property insurance policies offer little or no protection. It shoul be surprise no one theet inclustrial sites represent significant environmental exposures . But even seemingly benign shopping centers, restrarunts, resorts, clpartment and building of goverment can harbor unsuspected environment problems. A proper cusses environment will consider the curent and previous use of business for indications of business that may have engugged in environment,

activities. The assessment will also review regulatory regency files , Businesses that have identified the risks will be better preparcel and have a more cost-effective way of dealing with them.. Bwiness Risks cutegories cise Consider as follows. competitor coming on to the manket as risk of strategic business, • Complent of viewer a Accountancy and e operationcy . These categories are not some parts of your business may fan into more them on categong. more them risk are employee risk maintain risk, sufficient money economiceel gisa.