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

Five Strategies for Reducing Workers’ Compensation Costs

May 29th, 2025|Blog, Risk Management, Trending|

When a company experiences significant increases in workers’ compensation costs, it usually triggers internal activities aimed at reducing insurance costs and spending. The key to spending fewer dollars is more than just stopping a few accidents; it is having a sound safety program designed to continuously improve. This is where a safety program that, at a minimum, is compliant with the Occupational Safety and Health Administration (OSHA) standards can yield significant savings for by reducing injuries and illnesses, saving workers’ compensation dollars.

Hidden Risks of Summer School: Operational Safety Strategies Schools Can’t Ignore

May 21st, 2025|Blog, Education|

Summer school risk management is essential to ensuring student and staff safety during the warm months. Many districts overlook the unique challenges tied to summer school risk management. Often, summer sessions operate in secondary campuses, under temporary staffing, and with reduced oversight—making them vulnerable. Proactive planning is essential to keep students and staff safe in environments that may not be designed for extended year-round use.

Navigating Cybersecurity Challenges in the Construction Industry

May 19th, 2025|Blog, Construction, Trending|

The construction industry is continuously moving toward digitization, adopting advanced technology such as artificial intelligence, the Internet of Things (IoT) and Building Information Modeling software. These innovations help to automate tasks, reduce waste and improve efficiency, productivity and safety.

Go to Top