Watch Episode 2—Insurance Pros Spilling the Tee
The Importance of Banks Recognizing Pollution Risk
In this episode of our new series, John Reid, Vice President at Quaker Special Risk Insurance – a Jencap Company, and Matt Tomlinson, Regional Vice President at Berkley Environmental, chat about the importance of educating banks and lenders on best practices surrounding environmental risk exposures.
More often than not, environmental pollution policies are likened to discretionary purchases. By providing banks and lenders with the knowledge that having such policies in place may prevent significant liability and financial losses in the future, we hope to protect them in the long-run.
Ultimately, pollution may not frequently affect your business, but when something inevitably does go wrong, the severity play is real.
Check out Episode 2 below and stay tuned for what’s to come!
This information is for educational purposes only and does not constitute, and should not be construed, as an offering of advisory services, legal or insurance advice, or an offer to sell any particular insurance product or service. All content, opinions, forecasts, and viewpoints are subject to change without notice and Berkley Environmental on behalf of Berkley Insurance Company has no duty or obligation to update the information contained herein.
Please note that products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued. Certain coverages may be provided through surplus lines insurance company subsidiaries of W. R. Berkley Corporation through licensed surplus lines brokers. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.
The information contained herein is the sole property of Berkley Environmental on behalf of Berkley Insurance Company. For additional information concerning W. R. Berkley Corporation’s insurance company subsidiaries, click here.