Insurance Recovery for Forever Chemical Liabilities

Credit(s)

IRS CPE Credits: 1 Tax hour

This webinar will guide counsel to companies seeking insurance recovery for Forever Chemical liabilities. The panel will offer strategies for recovery under general liability and specialized insurance policies when Forever Chemical liabilities arise.

Environmental liabilities arising out of historic use of “forever chemicals” and related costs could be a significant threat to a business's bottom line. Insurance coverage for expensive defense costs and potential indemnity could be a crucial source for recovery.

Insurance recovery to offset costs of “forever chemical” liability can be difficult, and policyholders face significant hurdles. Policyholders may have to determine which policy or policies may cover defense and indemnity. A variety of pollution exclusions need to be compared to the allegations against a policyholder and analyzed.

Defense costs can be considerable. Defense costs may be covered even if indemnity is not. What consultants and defense activities qualify as defense costs and what is and is not covered as a defense cost may make a big difference in your recovery.

Our expert speaker will provide tactics for policyholders of general liability insurance policies and specialized policies to maximize recovery. Also, this session will examine the factors that should be considered, including a variety of exclusions, when evaluating insurance policies for recovery.

Webinar Objectives

• Learn strategies for recovery under general liability and specialized insurance policies when “forever chemical” liability issues arise.
• Learn tactics for policyholders of general liability insurance policies and specialized policies to maximize recovery for “forever chemical” liability
• Gain an understanding of the factors that should be considered, including defense benefits and pollution exclusions when evaluating insurance policies for recovery of defense costs and indemnity.

Webinar Highlights

The webinar will cover the following topics:

1. What are “Forever Chemicals”?
2. What types of liabilities do companies face for their historic use of “Forever Chemicals”?
3. What types of policies might cover “Forever Chemical” liabilities?
4. Defense benefits that might be provided by liability insurance policies.
5. What types of underlying complaints might give rise to a duty to defend?
6. The standard for determining a duty to defend in a liability insurance policy.
7. What types of expenses could be considered “defense benefits”?
8. Keeping a record to maintain your company’s position that it is entitled to coverage.

Who Should Attend

• General Counsel
• Litigation Counsel
• Risk Managers
• Directors of Insurance
• Comptrollers/Treasurers