ABSTRACT
Several prominent members of the insurance industry have indicated that companies who pursue International Standardization Organization 14001 or some other environmental management system may potentially see a reduction in their insurance costs. One of the critical issues concerning an integrated audit stems from potential complications that may arise from an audit team’s confusion over the general architecture or structure of the joint systems. Implementing and integrating quality and environmental systems can have a significant impact on the financial success of a business. The environmental manager and/or engineer may determine that a water-based flux provides an excellent solder bond and that the washing system can use warm water without a cleaning solution to provide a very clean, high quality product. An environmental management system shows the insurance carrier that a company is committed to its stakeholders: the insurance company itself, the regulatory agencies, the public, and company stockholders.
