such environmental liability insurance would be adequate in the event of a major loss, nor can we assure you
that we would continue to carry excess environmental liability insurance should market conditions in the
insurance industry make such coverage costs prohibitive.
We have general liability, vehicle liability, employment practices liability, pollution liability, directors and
oÇcers liability, worker's compensation and employer's liability coverage, as well as umbrella liability policies
to provide excess coverage over the underlying limits contained in these primary policies. We also carry
property insurance. Although we try to operate safely and prudently and while we have, subject to limitations
and exclusions, substantial liability insurance, no assurance can be given that we will not be exposed to
uninsured liabilities which could have a material adverse eÅect on our Ñnancial condition, results of operations
or cash Öows.
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