NU Online News Service, Oct. 11, 2:37 p.m. EDT
Contractors venturing into areas outside of their proven expertise, while seeking work in a weak economy, should be aware that strict enforcement of environmental laws is on the increase and they should be taking steps to mitigate a huge potential risk, according to a recent report.
The report released today by the insurer ACE, titled "ACE Progress Report: Contractors and Consultants Face Increasingly Strict Environmental Laws," said that given the expensive remedial work, project delays and lost revenues that could result from inexperience, there is a growing trend in both public and private projects to require substantial environmental insurance coverage–even on jobs for which it was not previously required.
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