The Independent Insurance Agents & Brokers of America Big “I” Markets program has formed a partnership with the American Risk Management Resources Network (ARMR), LLC to provide Big “I” members access to the environmental insurance market place plus expertise in environmental risk management.
ARMR.NET founder and president, David Dybdahl, CPCU, is a well-known industry expert, having insured environmental risks as intimidating as the containment operations of the Chernobyl nuclear disaster for the World Bank and as common as an underground fuel storage tank.
“The need for environmental insurance is coming from increasingly varied organizations,” says Dybdahl. He and others have said that the need for environmental insurances on Main Street will only grow but working with environmental insurance can be challenging.
“The emerging risks of mold, contaminated drywall and lead safe work practices has increased our prospect base two hundred fold,” says Dybdahl. “A dirty little secret few know is that environmental insurance policies are not standardized; it is possible to pay top dollar for a policy that basically does not work at all for one customer but that same policy may be the best available coverage for another. A doubling of the number of environmental insurance policies available in the market place over the past two years, combined with rapidly expanding exclusions in virtually all property and liability insurance policies for losses in any way associated with mold or bacteria, lead and contaminated drywall, has created the perfect storm for the insurance agent on Main Street.”
“By providing access to ARMR.NET on Big ‘I’ Markets, members now have access to the 100-plus pollution-related insurance policies available from the leading insurance companies in the product line,” says Jack Sherrill, senior partner of Sherrill & Co. of Savannah, Ga. and chairman of the Big “I” insurance licensed subsidiary that operates Big “I” Markets.
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