"Lender Environmental Insurance" is a American Lawyer Media form. The following model form has been provided by permission of Zurich-American Insurance Group and Steadfast Insurance Company for lender environmental insurance.
Oregon Lender Environmental Insurance
State:
Multi-State
Control #:
US-LEI897
Format:
Word;
PDF;
Rich Text
Instant download
Description
Free preview
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FAQ
Environmental policy is aimed at balancing environmental protection and the conservation of natural resources with other policy goals, such as affordable energy as well as economic growth and employment.
An environmental policy addresses how a company manages and monitors its impact on the environment ? both in its own operations and those of its supply chain. There is no set format but typically such policies cover use of energy and water, prevention of pollution, waste and recycling, and use of chemicals.
Environmental liability insurance, also known as pollution insurance, provides businesses with liability coverage for environmental risks from pollution exposures, as well as any pollution legal liability and cleanup costs they might face.
A Prospective Purchaser Agreement is a legally binding agreement between DEQ and a prospective purchaser or lessee of real property. A PPA limits the purchaser's or lessee's liability to DEQ for environmental cleanup of the property.
Environmental law works to protect land, air, water, and soil. Negligence of these laws results in various punishments like fines, community service, and in some extreme cases, jail time. Without these environmental laws, the government would not be able to punish those who treat the environment poorly.
An environmental policy must convey an organization's values and commitments regarding environmental performance. The policy should be clear, concise, practical and inspirational, reflecting the organization's principles, values, and intentions towards the environment.
