Effective measures for reducing environmental insurance costs |
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| Institution: | 1. Analytical/Environmental Chemistry Unit, Department of Pure and Industrial Chemistry, Abia State University, Uturu, Nigeria;2. Department of Chemistry, Michael Okpara University of Agriculture, Umudike, Nigeria;1. Department of Electrical and Computer Engineering, Air Force Institute of Technology, Wright-Patterson Air Force Base, Ohio 45433, USA;2. Applied Research Solutions, 51 Plum Street, Beavercreek, Ohio 45440, USA;3. LGS Innovations, 15 Vreeland Road, Florham Park, New Jersey 07932, USA;1. Department of Radiology and Imaging Sciences, Emory University School of Medicine, 1364 Clifton Road NE, Atlanta, GA 30322;2. Department of Internal Medicine, Kennestone Hospital, Wellstar, Atlanta, Georgia;3. Department of Radiology, Capital Regional Medical Center, Tallahassee, Florida |
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| Abstract: | Can pollution prevention (P2) management practices result in lower premiums paid for business insurance? In theory, P2 activities on the part of the insured can reduce the risk of pollution-related claims—but this depends on a competetive insurance market. What follows is an examination of two forms of business insurance—environmental insurance and worker's compensation insurance— and some cases where lower costs were realized. |
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