Purchasing Environmental Insurance: Underwriter Submissions

When considering the purchase of environmental insurance, one of the first steps is a complete submission to an underwriter. Complete submissions are rare. Those submissions that are graded as “A” submissions are few, but they get the most attention and have better chances of getting better terms, conditions, and pricing. In the environmental insurance arena, a complete submission can be well over a thousand pages. The winning submission to an underwriter contains:

  • Completed supplemental application including areas that do not apply as “not applicable”
  • A list of all key people’s resumes
  • Sample contracts, whether real estate, master service agreements, or construction
  • Two years of financial statements that include a balance sheet and profit and loss, including any schedules
  • List of the five largest clients and type of work performed for these clients
  • Marketing material used in marketing your company to prospects and clients
  • A list of your company’s awards, achievements, and associations, as well as any positions held within associations and any white papers published
  • If site coverage is being applied for, then a characterization study, all reports, phase I, phase II, groundwater testing results, maps, aerial photos, and other site plans must be submitted

It takes time to put together a good submission for your underwriter. In some respects, it’s true that your submission competes with other companies’ submissions that are also trying to get the best terms, conditions, and pricing. Offering your agent and underwriter all the information they need to tell the story of why your company is best-in-class is essential.

About the Author

Tom Caraway
Tom Caraway
Tom currently serves as the Practice Leader of the INSURICA Environmental Practice and is Co-administrator of the Oklahoma Vocational Technical Schools Program, all affiliates of INSURICA. Tom specializes in a variety of risks with an emphasis on environmental accounts, educational Institutions, large property and contracting accounts.

Share This Story

Stay Updated

Subscribe to the INSURICA blog and receive the latest news direct to your inbox.

Related Blogs

Putting HR Technology to Work: How INSURICA Clients Gain an Edge with OutSail

July 31st, 2025|Blog, Employee Benefits, Trending|

Payroll errors that hit the general ledger, open-enrollment portals that freeze at midnight, new hires juggling four log-ins on day one - when HR technology falters, the ripple effects reach every corner of the organization. Yet most employers still rely on a patchwork of legacy systems chosen under deadline pressure.

CPR and AED Training for School Staff: A Life-Saving Back-to-School Priority

July 30th, 2025|Blog, Education|

As students return to campus, it’s important for school administrators to assess more than just academics and operations. One critical area that deserves attention is CPR and AED training for school staff. Ensuring your employees are prepared to respond to cardiac emergencies can save lives—and now is the perfect time to make it a priority.

Mental Health Parity Requirements are Still in Full Force—Even as New Federal Rules are Temporarily on Hold

July 21st, 2025|Blog, Employee Benefits, Trending|

In May 2025, the Departments of Labor, Health and Human Services, and the Treasury announced a temporary pause in enforcement of the 2024 final rule under the Mental Health Parity and Addiction Equity Act (MHPAEA), following a legal challenge brought by an employer coalition. This enforcement pause gives the agencies time to reexamine certain provisions and consider future revisions through the regulatory process.

Go to Top