Insurance Conditions for Environmental Liability
| Authors | |
|---|---|
| Year of publication | 2011 |
| Type | Article in Periodical |
| Magazine / Source | Acta academica karviniensis |
| Citation | |
| Field | Management and administrative |
| Keywords | risk management, environmental insurance, liability insurance |
| Description | This paper aims at an analysis of the possible means for eliminating risks due to liability for environmental impairment caused by the actions of an operator whose activities potentially threaten the natural environment and may cause biodiversity damage. Risks are assessed with regard to risk insurability criteria for potential damage to the natural environment. The importance of risk management is stressed in the sophisticated form known as Enterprise Risk Management. Risk management is becoming increasingly important with consistent quantification of obvious, hidden and potential risks. Scientific paper is focused on an analysis of specific presumptions about the insurability of risk as concerns environmental insurance. The paper was written as part of research project MSM 6215648904, carried out by the Faculty of Business and Economics, under the name “The Czech Republic in the processes of integration and globalization, and the development of the agriculture and service sector in the new conditions of the integrated European market”, following the goals and methodology of the research project. |