BUS 670 Week 6 Discussion 1 & 2 Responses Needed

Discussion 2 Environmental Statutes

Visit the Small Business Administration's "Environmental Regulations (Links to an external site.)" page and visit the United States Environmental Protection Agency’s “Laws & Regulations (Links to an external site.)” page.

Identify one environmental law that is relevant to your past, current, or future employer. Apply that law to a business situation created by that employer. How does (or did) that employer maintain compliance with that statute?  Do you believe that environmental regulations help or hinder business? Why, or why not?

Guided Response: Respond to at least two of your fellow students’ posts in a substantive manner.

Agree or disagree with your classmate’s position concerning whether environmental regulations help or hinder business. Use current events or your assigned readings to support your position.  

REPLY TO Meas Khlaing POST

An example of an environmental law that is relevant to my past, current, or future employer would be asbestos, regulated by the EPA (Environmental Protection Agency). Enforcing environmental regulations help business tend to the employees welfare working in an organization. It provides the employee a safe work space to work at. (SBA.gov) Asbestos is a naturally occurring minerals that are resistant to heat and corrosion that cannot be seen with the naked eye. This is a health hazard and breathing asbestos fibers can cause a buildup of scar-like tissue in the lungs. This result can lead to loss of lung function that often progresses to disability and death. (Unknown, 2019). In essence, organization will need to keep the employee safe by conducting tests to detect asbestos in the building. Therefore, rules and regulation are needed to take place. Especially, if this type of unknown harm can seriously effect an individual health. Not only does asbestos affect business it can be in school building, construction site, etc.  In order for an organization to operate its business, it will need to be compliance with OSHA (Occupational Safety and Health Administration) and with state and federal law. It is up to the business on their responsibility to keep record of what inspection and action was taken place to clear asbestos in the work places. Overall, having environmental regulations help make business thrive and save money on legal action if an incident were to occur. It is better to fix a problem before it turn out to bigger problem that can affect the organization.

 

Environmental Regulations | SBA.gov (n.d.).  The U.S. Small Business Administration | SBA.gov.  Retrieved from  https://www.epa.gov/regulatory-information-topic/regulatory-information-topic-cross-cutting-issues#asbestos

 

Unknown. (2019). OSHA.gov  Asbestos.  Retrieved from https://www.osha.gov/SLTC/asbestos/

REPLY TO Rachel Brueggen POST

In my industry, the goal is to reduce or transfer the risk of environmental issues. Each of the laws and regulations are important for the going-concern of our industry. A couple of regulations that are extremely important in Property and Casualty insurance include lead and mold (sba.gov). These two items are often listed separate in an insurance policy. It is important to read through a homeowners policy to see what coverages are for mold and lead. There are many instances were these items are excluded from a policy and require an endorsement for coverage. The key is understanding the insurance policy and the peril that caused the mold.

 

Mold and lead become a big issue when dealing with insurance claims. Insured often think they have coverage or should have coverage and often find that the peril that caused the damage is not covered. Many companies will provide some coverage as a “good will” however that does affect the overall cost of insurance. The goal of regulation is to protect the public and in the case of mold and lead, the regulation does help protect the public form harm. Requiring certain things to be done to remediate mold and lead can result in a higher cost down the line for policy coverage but it is done to ensure the protection of people. It is up to an insurance company to figure out how to provide the service and coverage at a reasonable price point.

 

Environmental Regulations. The U.S. Small Business Administration. Retrieved from  https://www.epa.gov/regulatory-information-topic

Required Resources

Article

The Sins of Greenwashing. (n.d.). The seven sins (Links to an external site.). Retrieved from http://sinsofgreenwashing.com/findings/the-seven-sins/index.html

Websites

Environmental Regulations | SBA.gov (Links to an external site.). (n.d.). The U.S. Small Business Administration | SBA.gov. Retrieved from http://www.sba.gov/content/environmental-regulations 

Laws & Regulations (Links to an external site.). (n.d.). U.S. EPA. Retrieved October 19, 2012, from www.epa.gov/lawsregs