Environmental risk management

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Milliman offers a full range of environmental risk management services, helping clients to reduce exposure and safeguard their company's growth strategies.

Most businesses have direct or contractual exposure to environmental risks. These exposures can be related to obvious items such as disposal of hazardous, biological, or radioactive wastes, but can also involve common workplace equipment such as computers and batteries. A failure to adequately manage the risk could result in significant financial, legal, and commercial consequences.

We draw upon our expertise to shape a strategy and tailor our team based on a company’s unique needs. Our comprehensive approach includes:

  • Capturing and evaluating key data and information
  • Identifying required actions
  • Quantifying potential liabilities
  • Assisting with implementation of recommendations

We deliver high-quality professional services in a timely, cost-effective manner.

Liability assessment

We help determine the value of the total loss and potential consequences, including:

  • Toxic torts, property damage, and economic impact
  • Clean-up costs
  • Fines, penalties, and enforcement actions
  • Compliance with laws and regulations

Operational assessment

We take a close look at your files to put a value on your exposure and appropriately set up the operation to handle pollution claims, with services such as:

  • Coverage verification
  • Valuation of known claims
  • Setup of controls and best practices

Financial valuation

We examine the hazards that result in claims, and develop a picture of overall exposure and required reserving, using sophisticated economic modeling.

Enterprise-wide risk management

We handle the gamut of enterprise risk management (ERM) issues, with consideration given to:

  • Risk identification and gap assessment
  • Risk management prioritization
  • Risk mitigation plans within an ERM framework
  • Monitoring and reporting process

Get started

Please contact us to learn how Milliman can help you minimize environmental risk.