David J. Dybdahl, CPCU, ARM, MBA, is president of the American Risk Management Resources Network, LLC, an insurance brokerage firm specializing in restoration contractors. He can be reached
at (608) 798-1427, or by e-mail at firstname.lastname@example.org.
Contractors Pollution Liability was invented for hazardous waste contractors working on Superfund sites in the mid 1980s. This insurance is necessary to fill the gap in liability insurance coverage created by the Absolute Pollution Exclusion in everybody's Commercial General Liability insurance.
Mold has created new opportunities, as well as new risks, for the restoration business. Fear of "toxic mold" has created demand for more professional and expensive mold remediation services. At the same time, new risks are assumed when performing mold remediation, water damage restoration and general construction. By implementing a mold risk management strategy, contractors can participate in what can be a lucrative business, without betting their company over uninsured liability for toxic torts.