Environmental Site Protection

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	Environmental Liability Transfer programs can provide a solution for companies seeking an exit from their legacy environmental liabilities or long-term closure obligations. The scope of a liability transfer can range from a commitment to remediate a site for a guaranteed fixed price to the outright transfer of the contaminated asset and its associated liabilities.

How is this policy used?
A growing number of firms, primarily from the environmental engineering services sector, is actively pursuing opportunities to help contaminated property owners resolve liability issues through such transfers.

These liability outsourcing contracts are supported by comprehensive financial assurance and insurance programs which can, in some cases, run for 30 years or more.

Environmental Liability Transfer programs allow organizations to transfer the responsibility and management of known contamination issues, large and small, for a single facility or group of properties. These programs may also transfer third-party "toxic tort" liability and legal defense costs. In most cases, ownership and control of the asset are not transferred and organizations can still realize value from sale or development opportunities.

The principle benefits of these innovative programs include:

Cost certainty and stakeholder reassurance
Creation of real estate value for non-performing assets
Facilitation of transactions
Improved financial disclosure and accounting treatment of liabilities
Reduced management distraction on non-core operations

Our Other Environmental Risk Management programs:

Lender Environmental Site Protection

Environmental Site Protection

Remediation Cost Gap

Blended Finite Program

Contractor's Site Liability