Hazardous Waste: Closing the Insurance Gap

by James A. Thompson, Attorney; Wickwire, Gavin & Gibbs, Suite 400, 8230 Boone Blvd., Vienna, Va. 22180,
Julie C. Becker, Attroney; Wickwire, Gavin & Gibbs, Suite 400, 8230 Boone Blvd., Vienna, Va. 22180,
Michael C. Loulakis, (M.ASCE), Civ. Engr. BBF Attorney; Wickwire, Gavin BBF Gibbs, P.C., Vienna, Va.,


Serial Information: Civil Engineering—ASCE, 1985, Vol. 55, Issue 7, Pg. 60-62


Document Type: Feature article

Abstract:

Insurers are withdrawing from the hazardous waste field because of large claims and increased risks. Therefore, cleanup contractors are being forced to look for alternative ways to protect themselves. Indemnification, a written agreement whereby one party agrees to be responsible for any judgements entered against a second party, is the best available alternative. But there are limitations to indemnification. Legislation and litigation will be required to clarify many of the issues in the field, and provide guidance to insurers, regulators and contractors.

Subject Headings: Hazardous wastes | Disasters and hazards | Contracts and subcontracts | Litigation | Legislation | Insurance | Claims

Services: Buy this book/Buy this article

 

Return to search