March - April 2011 Issue IN THIS ISSUE Is Your Insurance Green? Retailers Cope with Rising Costs Trend 2011 Energy Efficiency
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GREEN INSURANCE
FACILITY MANAGERS: How GREEN Is Your Insurance? Retail facility managers are generally aware of the benefits of going green when their HVAC systems' performance is less than optimum and energy costs are above normal. But how many facility managers are giving thoughts about "green insurance" when it comes to the fate of their facility should a fire or other disaster prompt the filing of an insurance claim? According to insurance industry analysts, few are aware of risks specific to the sustainable building industry-many of which may not be covered by a conventional insurance policy. Why is this so? Typically, facility managers have simply not taken the steps necessary to identify risks and take the necessary steps to mitigate risk, ensure they're properly insured, and maximize a retail company's green approach. Managers realize the direct benefits of making a building more green through recommissioning or Greening in Place™, which can significantly reduced energy use and demand. However, another important benefit is overall company reputation. Firms that implement green practices are generally viewed in a more favorable light by their industry peers and the consumer public. On a more global scale, with global warming causing greater and more frequent hazardous weather conditions (even our severe winter weather of 2010 can be attributed to global warming), it is in everyone's best interest to help their carbon footprint by encouraging green practices whether its in new construction or rebuilding after a disaster.