Seminar on Benefits of Environmental Insurance
Jakarta - PT AIG Insurance Indonesia (AIG Indonesia) in collaboration with IRMAPA (Indonesian Risk Management Professional Association), CRMS and AMCHAM (American Chamber of Commerce in Indonesia) hold a half-day seminar "Environmental Impairment Liability - Don't Let a Pollution Incident Affect Our Business Sustainability” on August 22, 2019 at Le Meridien Hotel, Jakarta.
This seminar addressed the market needs for information on environmental issues and risks related to business operations and waste management, where unforeseen events can occur and disrupt a company's business.
"AIG Indonesia continues to provide insurance solutions and innovations to meet the market needs. Today, we are raising awareness of AIG Environmental Impairment Liability insurance that provides protection against the risk of pollution incidents that may occur in business operations,” explained Rob Logie, CEO and President Director of AIG Indonesia.
Wenangsari Duniantri, AIG Indonesia’s Head of Casualty, added, "This event is part of AIG Indonesia's commitment to educate the business community and contribute to a broader financial literacy program on risks and its protection solutions."
The Environmental Impairment Liability Insurance product is divided into 2 types of coverage, namely Contractors Pollution Liability that protects the contractor or consultant from the risk of pollution due to work performed; and Pollution Legal Liability that provides comprehensive protection against the risk of pollution that can affect the company's business continuity. Some of the benefits provided by this protection are the reimbursement of financial costs of third parties for loss of property and bodily injury, reimbursement for the cost of cleaning up the contaminated location, and reimbursement for the costs of legal defense.