Lead-Based Paint – Insurance

Environmental Risks In INSURANCE


Lead-Based Paint

What You Need to Know

Federal standards are .5% by weight or 1 mg/cm2 but more stringent local regulations are common

Lead paint was commonly used until 1978

HUD, EPA, and OSHA all regulate lead and/or lead based paint

In multi-family housing lead based paint commonly found on friction surfaces and windows, wood trim, doors, railings, floors, playground equipment, and in soils near buildings

Most hazardous if surface containing lead is grinded, abraded, sanded or otherwise made into dust

What You Need to Do

Review EPA, HUD, OSHA, and applicable local regulations to ascertain requirements/exposure potential

Notify tenants, workers, employees as required

Provide training and disclosures as required

Ensure intact quality of any suspect lead based paint materials

Myths and Misconceptions

Most children are exposed to lead through ingestion of lead paint chips-FALSE

Lead health effects are irreversible and can stay in the body forever-TRUE

Just because lead based paint is present does not mean it is a health hazard-TRUE

Children under the age of 6 as well as pregnant women and workers are at highest risk for lead based paint health effects-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