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For most insurance professionals, the unique aspects of the environmental market combined with constant change made a challenging coverage. To stay current on all of the nuances is tough for agents and brokers since it's a very specialized niche. Looking at a risk, the agents and brokers may not realized the exposures involved, or may only be asking for one coverage part, when others might be needed. As an example, on contractor risks, carriers now have the potential to include contractors' pollution, errors and omissions and CGL on nearly every type of job. In addition, we can write contractors' pollution stand-alone or per project or per client." The recent domestic environmental insurance market is generally regarded as to be in the range of $1.5 to $2 billion in annual written premium nationwide. Individual state statistics are hard to pinpoint. Nonetheless, according to the market data reports section of the Florida Surplus Lines Service Office web site, 2008 surplus lines written premium in the category "Pollution and Environmental" totaled just under $35 million for the Sunshine State. To assist sort out the most typical classes of environmental insurance, Simplified listing were provided: environmental contractors and consultants, such as those specializing in abatement, lead or mold. 1. 3. Non-environmental - artisan (plumbing engineer,
electrical installer).
4.Transport - motor vehicle, underwater, and the like. Some of the more recognizable exposures are environmental services and remediation/clean-up work and disposal hazards, together with chemicals from dry cleaning risks, grease recycling or disposal from restaurants, oil disposal and recycling from auto repair facilities, and roofers and others disposing of a long list of building materials. Other environmental exposures may not be as apparent or as well-publicized, however the need for good protection is just as crucial. Leo Bone is a freelance writer. He widely writes about environmental services. For more information about environmental services and environmental contractors visit micahgroup.com.
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