Estimation Of Environmental Externalities

Anthony Saunders, Managing Director of Envirosure, will provide us an overview of contemporary issues faced by our clients and arm us with the information on the risk we are being asked to remediate.  
Environmental insurance is designed to provide for the reinstatement of the environment following a pollution or contamination incident.  Even if the chance of an adverse event is 1 per cent, without environmental insurance, the entity is still exposed to 100 per cent of the risk.  

Directors and officers may be unaware that they are not commonly covered for the mistakes they could make or contribute to, which can result in no financial means to restore the environment to legal satisfaction.  

Without environmental insurance, such businesses may be considered as conducting themselves with an element of reckless regard to the environment or 'self-insuring', which may result in their environmental liabilities exceeding the full extent the liquidated asset value of the business.    

ABOUT THE PRESENTER

Anthony Saunders
Managing Director
EnviroSure 

Anthony's specialisation focusses on environmental risk qualification and quantification applying to activities where the outcome may result in adverse environmental impact. He defines the terminologies. He is a Certified Insurance Professional; a resource to the Australian and New Zealand Institute of Insurance and Finance and to the Australian Climate Council. He seeks to develop a common understanding between engineers, government and insurance professionals to emphasise that if any activity that may likely cause inevitable pollution then why as a nation are certain activities approved to proceed without first weighing the environmental externalities before estimating profits. Without considering risk, we all become liable directly or indirectly.