New environmental insurer may add to coverage options
Article Abstract:
Alexander & Alexander Services Inc has formed Environmental Protection Insurance Co (EPIC) under provisions of the Risk Retention Act. Membership is open to companies subject to losses due to sudden, gradual, or accidental environmental damages. EPIC is said to offer protection to a broader-based group of companies than National Union, another source of environmental impairment liability (EIL) insurance. Companies seeking EIL insurance through EPIC have to undergo a risk assessment that focuses on: the quantity and level of toxicity in materials handled, management practices and policies, physical site characteristics, and prior claim experience.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1987
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Companies Self-Insure to Hedge against Rising Workers' Comp Costs
Article Abstract:
Self-insurance is a desirable alternative for handling workmen's compensation costs. Companies must first evaluate their situation to determine if self-insurance is appropriate. Family-run businesses and firms employing large numbers of personnel who self-insure have been particularly successful.
Publication Name: Cashflow Magazine
Subject: Business
ISSN: 0196-6227
Year: 1984
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