Environmental Risks In INSURANCE


What You Need to Know

Bedbugs are brown, oval, flattened and up to ¼” in size and are attracted to carbon dioxide and body heat

One female can lay 12 eggs/day or more and can live for a year without eating

Bites often occur as a series of 3-“breakfast, lunch, and dinner” most often on shoulders and extremities

Most often found in wood, furniture, carpeting, wall cavities, inside clocks, phones, computers, baseboards, clothing

Evidence- blood, sweet musty odor

What You Need to Do

Seal cracks, crevices, correct structural deficiencies, to reduce infestation potential

Have professional bedbug expert on contract with 24/7 availability

Educate occupants/staff and encourage “speak up” program

Be alert as reintroduction is a constant threat

Myths and Misconceptions

Bedbugs are attracted to dirt, food, and poor housekeeping-FALSE

Bedbugs rarely transmit and/or carry disease-TRUE

“Bug Bombs” or total release aerosols are effective against a bedbug infestation-FALSE

Commercial buildings, as well as residential buildings are often infested with bedbugs-TRUE

Expert Services:

Claims: Prevention and Response

  • Site Investigations/Inspections
  • Loss Mitigation Protocol Development
  • Creative Scope of Work Development
  • Project Oversight
  • Environmental Sampling
  • Cause and Origin Investigation
  • Emergency Response
  • Client Interface
  • Communication/Alert Development
  • Liability Exposure Minimization
  • Expert Consultation

Underwriting: New Product Development and Risk Assessment

  • New and Emerging Risk Education-Focus on New Areas of Coverage Opportunity
  • New and Emerging Product/Technology Applicability to Underwriting Coverage
  • Recommendations for Coverage Expansion Based on Risk Minimization Strategies
  • Policy Language Review/Development Based on Industry Specific Issues

Due Diligence: Investigation, Auditing, Verification and Risk Assessment

  • Project Oversight Ensuring Compliance with Policy Coverage
  • Immediate Communication re Project Issues Impacting Policies
  • Detailed Reports of Project Findings/Oversight with Recommendations
  • Cost Estimate Development Based on Construction/Remediation Options
  • Phone Surveys/Desktop Reviews Focusing on Issues of Potential Concern

Remediation Cost Auditing and Risk Quantification

  • Review/Audit of Contractor Invoices
  • Scope of Work Performed Analysis (Best Practices, Regulatory Compliance)

Expert Testimony

  • Environmental Risk
  • Healthcare Risk

Education and Training: Claims and Underwriting

  • Seminars/Webinars on Environmental/Healthcare Issues Focusing on Claims/Underwriting Risk
  • Seminars/Webinars on Emerging Issues and Policy Impact as well as Coverage Expansion Opportunities
  • White Paper Development

Insurance Toolkits: Claims and Underwriting

  • Development of Underwriting Applications for Healthcare/Environmental Risk
  • Development of Value Added Risk Management Checklists/Protocols for Insureds
  • Operations and Maintenance Programs for Water Intrusion Risk Management, Asbestos, Lead Based Paint
  • Hazard Assessment Critical Control Point Programs (HACCP)

Insurance Risk Alert Service

  • Development of Insured Alert Communications re Emergency Healthcare/Environmental Risk
  • Development of Employee Alert Communications re Emergency Healthcare/Environmental Risk
About RiskNomics

RiskNomics provides risk management oversight for emerging environmental & healthcare issues.

RiskNomics Expertise

Industry leading expertise from the environmental and healthcare fields, helping you economically manage risks. Industry leading expertise from the environmental and healthcare fields, helping you economically manage risks.

RiskNomics Resources
White Papers
Contact RiskNomics

880 Seven Hills Drive Suite 180
Henderson, NV 89052
(480) 315.1100

Copyright © 2010 - 2015 RiskNomicsLLC. All Rights Reserved.