Locate And Keep Old Insurance Policies Safe to Protect Assets

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Drycleaners News June 2009 Issue

How many drycleaners do you know who own their business and building? Some drycleaners may have thought they had an asset, only to find out that the building is contaminated and cleaning it up will cost a lot of money.

Many drycleaners have always followed the law and managed a clean and respectable business, but they later find out that the rules they had followed for years have become more stringent. Other drycleaners would like to eventually pass the business on to their children but are afraid of handing them an environmental liability. Continue reading “Locate And Keep Old Insurance Policies Safe to Protect Assets”

Insurance Archaeology: What is it and Why is it Beneficial?

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Fabricare – September/ October 2008

Insurance archeology is the process of locating and finding historical insurance policies that covered individuals and businesses. Historical insurance can be a huge benefit to drycleaners, as old policies can be used to pay for costs associated with soil and groundwater contamination investigations, legal representation, and even the cleanup of contaminated sites. Continue reading “Insurance Archaeology: What is it and Why is it Beneficial?”

With DERF Deadline Looming, Old CGL Insurance can be Vital Protection

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Wisconsin Fabricare Institute IMPRESSIONS July/August 2008 Issue

As most dry cleaners know, the deadline to enter sites into the Dry Cleaner Environmental Response Fund (DERF) Program is quickly approaching. Simply stated, if soil and groundwater samples are not collected at your site and you have not entered your site into the DERF program by August 30, 2008, you will not be eligible to benefit from the funding mechanism established with the Wisconsin Department of Natural Resources (DNR). Continue reading “With DERF Deadline Looming, Old CGL Insurance can be Vital Protection”