Insurance Perspective - The Obstacles of 'Going Green'

In the past few years, there has been a big push forcontinues to increase. The recycling industry has
our society to be more environmentally consciousrecently seen tremendous growth due to the green
and businesses to operate in a more sustainableinitiative, as well as the current high market value of
manner. In many cases, an organization's imageprecious metals. As more materials are shipped to
depends on how it participates in the community andlocal recycling centers, these facilities are increasing
whether or not it operates responsibly. In general,their environmental exposure, sometimes without
people are becoming more aware of the planet andknowing it. Materials may arrive that cannot be
of the consequences of not taking care of therecycled, thus proper disposal is required. The influx
environment. That being said, there are someof goods means longer periods of storage. The
obstacles to overcome when making the shift to arecycling machines are running for longer periods of
more "green" lifestyle, as this change can actuallytime, consuming more fuel. Owners of these facilities,
increase environmental/pollution exposures.as well as waste water treatment plants and landfills,
All you have to do is walk through the light bulb aisleshould make sure they are adequately protected by
at Lowe's to see an example of some of the newconsidering an environmental insurance policy. Since
products that are designed with the reduction ofmany of these activities are excluded from General
waste in mind. Is it possible that one halogen lightLiability policies, it is crucial that the right insurance is in
bulb could last over five years? As these newplace to fill these coverage gaps.
long-lasting bulbs become part of the sustainableThe movement toward environmental sustainability
movement in many businesses, it's important towill continue to be a goal for organizations around the
know that they actually contain mercury and need tocountry. As this activity increases, recycling centers
be disposed of correctly once they burn out. Mercuryand other environmental facilities will undoubtedly see
is extremely toxic if it is ingested or comes intoan upward trend in operations. By taking the steps to
contact with skin; the dangers of this element canovercome some of the obstacles when "going
have devastating effects to people who aregreen," organizations will be adequately covered in
exposed to it. This exposure could also be present asthe event of an insurance claim and environmental
old thermostats are replaced with newer, morefacilities will be better equipped to handle the changes
energy efficient models, which may also containin their operations. It is the responsibility of all of us
mercury.to do our part to reduce waste and create a more
After these, and other similar products, have beenecologically aware society. Make sure the steps you
used and disposed of, the way they are handled intake to create a green lifestyle will actually benefit
recycling centers or trash facilities/landfills also needsthe environment and not cause even more problems.
close examination, as the demand for these services