Companies wrongly assume their GL policies offer coverage
The environmental insurance market has long been oversaturated, yet many businesses still fail to secure coverage despite an increasing need for it.
Industry experts point to a paradox: the supply of environmental insurance has remained high for decades, while demand continues to grow due to evolving risks. However, uptake remains low, according to David Dybdahl (pictured), founder of American Risk Management Resources Network, now part of Bridge Specialty Group.
In fact, approximately 80% of companies do not purchase environmental insurance, a figure that has remained consistent since 2018.
One key factor is the complexity of the coverage itself. Unlike standardized insurance products, environmental policies require speciali