PUBLISHED ON: April 1, 2016
Reprinted in Advisen, Front Page News (May 27, 2016)
When faced with new environmental liabilities, companies often overlook the existing coverage that insurance policies purchased long ago may provide. Comprehensive general liability (CGL) insurance policies purchased between the 1950s and early 1980s will generally cover liabilities imposed today because of environmental property damages that took place in those earlier years. With this in mind, risk managers need to search for, index and electronically store those important company assets.