Globalization offers businesses of all sizes potential operational benefits and opportunities to expand, but it can also be a source of new and different types of risks. Notably, man-made environmental disasters are a top-10 global risk in terms of both likelihood and impact, according to the World Economic Forum’s Global Risks Report 2019. So it’s more important than ever to take adequate steps to evaluate your company’s environmental risks and establish a customized insurance program to minimize the impact of pollution and environmental damage.
Depending on the nature and geographic reach of your business, managing environmental risk can be a highly complex task. To help you get started in evaluating and strengthening your environmental insurance and services, here are five questions to ask yourself.