AIG Unit Offers Mold Protection Program to Eastern Schools
October 30, 2002
The Hartford Steam Boiler Inspection and Insurance Company, a unit of American
International Group, announced it would offer a mold protection program to help
clients prevent and manage risks temming from mold growth.
The new program will first focus on schools in Pennsylvania, New Jersey, and
"Mold can cause health concerns and major property damage that strains
local budgets and disrupts learning," said Richard Williams, Ph.D, vice
president for new product development with Hartford Steam Boiler. "But
mold can be managed. Our program includes inspections, specific loss control
steps, ongoing technical support and insurance protection to help manage, and
more importantly, help prevent mold risks. We are working with schools to help
avoid lossesdue to mold, rather than just pay a claim."
Drawing upon its decades of loss prevention experience, Hartford Steam Boiler
has modeled the Mold Protection Program after its successful approach to equipment
breakdown insurance coverage.The Mold Protection Program is designed for schools
that are willing to work with Hartford Steam Boiler to implement loss prevention
recommendations to proactively manage the growth of mold. The program begins
with an inspection and evaluation to determine qualification. Once qualified,
Hartford Steam Boiler provides loss prevention recommendations based upon the
results of the nspection and works with the client over time to control moisture,
water intrusion and other conditions that can cause mold growth.
The Mold Protection Program also includes a Mold Remediation Policy that can
pay for remediation costs if visible mold is discovered at an insured location.
Clients have access to a mold remediation network specifically developed for
this program. The network consists of qualified and prescreened remediation
specialists at preferred rates.
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