Every company has a potential environmental exposure:

• Property owner
• Buyer
• Tenant/operator
• Lender
• Contractor
• Transporter
• Manufacturer

A review of ongoing and past operations should be performed to identify environmental exposures:

• Review manufacturing/operating processes, especially the use and disposal of hazardous materials. Don't forget about discontinued operations!
• Most common contaminants include asbestos and lead. But don't forget about PCB's, Perc and the latest fad, Mold.
• Conduct air and soil samples

Whether an environmental condition does or does not exist, insurance is available. In fact, you can insure a "burning building":

• On-site and off-site clean-up costs
• New and pre-existing conditions
• Transit
• Landfills

Policy limits are generally available up to $100mm

Deductibles go as low as $1,000

Premiums go as low as $5,000

Policy terms range from 1 to 10 years

Underwriters can provide a program indication with one or more of the following:

• Formal environmental report (Phase I)
• Address of a particular location
• Description of the operations

Our professionals understand the unique challenges and requirements of environmental liability during M&A transactions.

Recent transactions include:

1. A building owner insured pre-existing conditions as part of the sale agreement.
2. An acquiring company identified environmental conditions and purchased insurance over the expected clean-up cost.