Looking for an old insurance policy – one your client “was sure” they had but can’t remember where or when? Consider hiring an “insurance archaeologist.”
Who wouldn’t enjoy this scenario: An abandoned commercial property near a city center is used again as a productive commercial location? Or, pollution that seeps into underground water supplies is removed so the water is safe to drink. Continue reading “Old, lost insurance policies? Get yourself an archaeologist”
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As Published in the June Issue of Drycleaners News
How many dry cleaners do you know that own their business and building? Dry cleaners that thought they had an asset only to find out that it is contaminated and will cost a lot of money to clean-up.
How many dry cleaners have always followed the law and managed a clean and respectable business, only to learn that the rules they had followed for years have changed and are now more stringent? Continue reading “Long-tail Liabilities Don’t Go Away”
INSURANCE ARCHEOLOGIST HELPS KEEP MATTERS OUT OF LITIGATION
BY: DENNIS PILLSBURY, ROUGHNOTES
As Seen in the March, 2004 issue of the Roughnotes
Anyone who has perused cases involving clean-up of Superfund-identified hazardous waste sites probably winds up shaking his or her head at the complexity of the claims and the often inane resolutions where only the attorneys seem to leave happy. There was one case where a business was required to pay for the clean-up of lead pollution that dated back to a Revolutionary War armory that once occupied the site. Needless to say, that armory was no longer around to help pay for the clean-up. And the pollution had leeched into the ground water. It was not an inexpensive proposition. Continue reading “Indiana Dave and the Insurer of Doom”
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Successful dry cleaners keep a clean shop. Yet in recent years, the tidiest of dry cleaners are discovering that their inclination toward order and cleanliness is having a negative impact on their ability to stay in business.
Shredding and discarding old business records has long been the way to keep storage areas manageable and office areas functional. However, dry cleaners are finding that certain of the old business records they destroyed are the very documents they now need to keep their doors open. Continue reading “Finding the Money for Environmental Clean Ups In Yesterday’s Business Records”
Insurance Coverage and State Funds
With more than 25 years of experience, Stephen Henshaw, President of EnviroForensics®, a national environmental engineering firm specializing in remediation for drycleaners, says that drycleaners in states with or without cleanup funds have viable solutions for finding dollars for cleanup from historical insurance policies. EnviroForensics® operates a customer service department for drycleaners at 1-866-888-7911 with offices nationwide. Continue reading “Finding Funds for Clean Up”
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NATIONAL CLOTHESLINE
October 2003
The bad news knocked Denver Cain for the proverbial loop. He only wanted to sell his drycleaning business in Indianapolis — The Washboard Laundry and Drycleaning — and retire in peace.
Instead, he was surprised to discover that his property was contaminated with perc. Cain’s financial future looked dismal at best. The property’s value was estimated to be worth $300,000, but cleanup costs were projected to be between $500,000 and $750,000. Continue reading “Getting help with cleanup costs”
Contaminated dry-cleaning properties keep firm busy
Indianapolis Business Journal
VOL. 24 NO 18, JULY 14-20, 2003
By Scott Olson
Dry cleaner Denver Cain provided a blunt assessment about the pickle he’d be in if he were left to finance a half-million-dollar cleanup at one of his properties.
“I’d be in deep doo-doo,” he said.
Fortunately for Cain, he found the consulting firm Environmental Forensic Investigations Inc. The locally based company, known as EnviroForensics, specializes in locating sources to pay for site investigations and cleanups. Continue reading “EnviroForensics uncovers liability in site cleanups”
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National Clothesline / June, 2002
Using insurance archeology
In this article, Stephen Henshaw, president of EnviroForensics (Environmental Forensic Investigations), a national environmental engineering firm specializing in remediation for small and medium businesses, including drycleaners, answers question about Insurance Archeology and how it can help drycleaners find money for costly cleanups. Continue reading “Digging up dough for clean-ups”