I hate paying for pollution insurance. It’s expensive. . . really expensive. And so many of my competitors don’t have it. “Why bother,” they say . . . “I’ll just ‘save’ the money” and “customers don’t know any better. . . “ But while I hate paying for pollution insurance, I buy it because I need it, for my company and for my clients’ companies as well. You see, neither of us can afford The Risk.
If you generate hazardous or non-hazardous wastes (in other words, everything more than standard garbage) and you’re working with a broker, a transporter or a disposal site that does not carry sudden and accidental pollution coverage, you’re taking a big chance and you need to ask yourself a question – Is this a chance I’m willing to take?
So, what’s at stake? Well, like all insurance, if nothing happens, your risk is minimal. But if something does, that’s another story. It’s not an exaggeration to suggest that your company could be at risk. Why’s that?
1)
Chances are that the insurance you carry for
your business does not cover pollution-related incidents. In fact, in all
likelihood, pollution protection of any kind is
specifically excluded.
2) Accidents, fires and spills happen. And if, when they happen, they involve your waste, you’ve got an exposure problem. . . and no coverage. That’s Risk
One of the biggest misconceptions (or misrepresentations, depending on the source) I often hear goes something like this, “I don’t need pollution insurance, I only generate non-hazardous waste.” Wrong! The facts contradict this sentiment. Most, by a wide margin, pollution events that occur on our nation’s roadways and in our streams, fields and storm/sewer systems involve “non-hazardous” wastes.
Just because the EPA defines a waste as “non-hazardous” doesn’t mean it also defines the same waste as “non-polluting.” That’s not a subtle distinction, it’s an expensive one.
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