Electronic devices are essential to business operations. With technology changing at a brisk pace, many companies update their equipment frequently, and this means looking for ways to properly dispose of equipment and devices that no longer serve a purpose. Telecommunications equipment, security systems, computers, monitors, printers, mobile phones and other electronic waste often contain toxic metals like mercury and lead, along with valuable amounts of copper, gold and other materials.
Pollution due to electronic waste (e-waste) continues to be a growing concern that has drawn the attention of Federal and State regulators. Chubb’s advisory examines the environmental and legal risks businesses can face when disposing of equipment and the need for proper electronic recycling or disposal.
Companies that manage their supply chains and distribution in a sustainable manner lower the risks of pollution and liabilities while burnishing their reputation as responsible environmental stewards. To protect their organizations and its reputation, companies need to implement effective e-waste management strategies and secure the most appropriate insurance coverage available for any remaining e-waste exposures.
Has your client implemented an e-waste risk management plan? Have you?