All companies can cause or induce further environmental damage.
Preservation and protection of the environment, is a guiding principle for every organization, which are also governed by modern world laws. However, these laws are also rapidly evolving and forcing new regulations, penalties, and fines for companies that may cause damage, either intentionally or by omission. Many companies have not yet updated their production and risk control systems to the new legal framework. They’ve dangerously relied on limited environmental coverage, provided by general liability insurance, which can jeopardize the economic stability of organizations, their clients and shareholders.