Event Calendar

Monday, April 22, 2024

Earth Day Edition: HNW Environmental Risks & Solutions (virtual)

Start Date: 4/22/2024 1:00 PM EDT
End Date: 4/22/2024 2:00 PM EDT


Organization Name: PRMA

Contact:
Samantha Hennessy
Email: shennessy@privateriskmanagement.org
Phone: (888) 317-7762



Join PRMA this Earth Day for a webinar covering the unique environmental risks affecting the assets and resources of high-net-worth individuals. Led by Chris Bunbury, environmental strategist and president of Environmental Risk Managers, Inc., this session addresses a significant challenge: raising awareness among the HNW-insured that they are self-insuring their environmental liabilities. Given the increasing complexity and litigious nature of environmental liabilities, it is essential to identify potential coverage gaps and practical strategies to manage or transfer those exposures. Attendees will learn how to help their clients make informed decisions based on risk tolerance.

About J. Christopher Bunbury:

Chris Bunbury, environmental Strategist (eS), is president of environmental Strategist, Inc. (eSI) and Environmental Risk Managers, Inc. (ERMI). Upon graduation from Michigan State University with a BS in Natural Resources, Chris entered the insurance industry in the late 80s as the environmental insurance market began to reemerge. It was a natural fit for Chris to specialize in environmental risk management and insurance as a retail agent and then as founder and president of the national environmental insurance wholesaler Environmental Risk Managers. Chris is a nationally recognized speaker on environmental risk management and insurance.

Takeaways:

  • Understanding Environmental Risks: Explore common environmental exposures affecting HNW individuals, including natural disasters, pollution and regulatory challenges. Learn what constitutes a pollutant and how seemingly benign substances can be classified as such under various circumstances.
  • Analyzing Coverage Options: Delve into specific insurance coverages such as Environmental Impairment Liability (EIL), Property Transfer Coverage, Contractors Pollution Liability (CPL), Aviation and Marine Pollution Liability and Emergency Response Costs. Understand the nuances of each coverage and how they can be tailored to protect against environmental risks.
  • Case Studies and Claims Examples: Examine real-life scenarios highlighting the importance of adequate coverage and the potential financial and reputational consequences of environmental incidents.
  • Key Benefits of Environmental Liability Insurance: Defense costs, claim management and third-party liability.

Participants will leave the webinar equipped with the knowledge to identify environmental risks, understand available insurance coverages, and make informed decisions about managing or transferring their environmental exposures. Theis course is essential to safeguarding your client’s assets and ensuring comprehensive protection against environmental liabilities.