Environmental risks and associated third-party liabilities have never posed a greater threat to the financial health of organizations. Increasingly stringent national and international legal frameworks, together with continued focus on corporate governance obligations, wider influence of regulatory authorities and emerging risks such as climate change have magnified the need to evaluate environmental risk management requirements.
Through its Environmental Practice, Willis has long been a market leader in the management of environmental risks. There is no substitute for experience and our professional team has established an acknowledged reputation for responsiveness, innovation, broking excellence and timely delivery.
We help clients identify and assess their environmental exposures and then deliver customized solutions that complement their commercial objectives and risk philosophy. Our Global Environmental Practice has a network of environmental teams that can support your needs - whatever or wherever your business venture may be.
The Willis Global Environmental Practice can:
- Identify and analyze environmental risks and potential liabilities
- Design and deliver the most cost effective risk management program to address operational exposures, including known, unknown, legacy or future environmental issues
- Utilize insurance and risk finance to settle environmental disputes and litigation
- Resolve claims against prior insurance carriers through structured settlements
- Collaborate with corporate finance teams to reduce uncertainty associated with financial reporting disclosures of environmental liabilities
- Develop programs to address the environmental risks associated with transactions such as mergers, acquisitions, divestitures and development projects
- Structure financial assurance mechanisms to satisfy state, federal and national requirements associated with closure and decommissioning of plants, mines and landfills
- Evaluate coverage needs through proprietary risk quantification modeling techniques
Insurance now plays a more prominent role than ever before in environmental risk management. With relatively straightforward underwriting requirements, highly flexible products and realistic yet competitive pricing, there is no reason in today's market to risk having an uninsured environmental loss.