Managing environmental exposures amid rising natural disaster risks

Specialist insurance brokers and insurers can help organizations prepare for and respond to an environmental crisis caused by a natural catastrophe. (Photo: Lightspring/Shutterstock)

Natural catastrophes pose an increasing threat to businesses across the United States and, in particular, to industrial sites where one of the potential impacts is a pollution release with long-term ramifications. As natural catastrophes, from wildfires to flooding, become more frequent, organizations need to be well prepared and alert to the potential for complex environmental risks to arise.

Here are the ways organizations can manage their environmental exposures and reduce the likelihood of claims and legal action, as well as useful points on mitigating risk.