“How clean is clean?” This question often comes up in conversations about environmental liability. What is your regulatory risk—and have you considered all potential liabilities? A carefully crafted environmental policy takes into consideration your environmental footprint, industry and threats that can go unseen. Those range from contamination that migrates from your property, spillage from service providers (fuel delivery) and natural resource damaged caused by accidental release. No one plans for an environmental upset—but you can be prepared and protect your business.
Assessing Environmental Risks. The Fedeli Group Environmental team will carry out a thorough analysis of environmental liabilities, uncovering potential risks that can be overlooked by inexperienced agents. We facilitate engineering reports, sampling and compliance due diligence to fill the “data gap.” By managing the costs of these processes, we create a financial stopgap for complex environmental problems.
Engaged on Your Terms. There’s no cookie-cutter approach to covering environmental liability because risks vary significantly depending on your industry, location, exposures and more. Environmental assessments and underwriting can be complex and time-consuming—but that doesn’t mean getting proper coverage should compromise your budget. We’re honest and completely transparent with our clients, and we’ll work closely with you to tailor compensation for our engagement that includes commissions, a consulting retainer or a combination of those.
The Fedeli Group Difference. We are environmental risk consultants who are experienced in coming to the table and collaborating with multiple stakeholders. We cooperate with attorneys, regulators, environmental engineers and government entities to underwrite comprehensive environmental policies. Because we stay current on evolving EPA regulations, we act as advisers to our clients, who rely on us to protect their best interests.
- Contractors Pollution Liability (CPL): Environmental conditions are the ultimate wild card on construction projects. Contractors must protect against financial losses and cover defense costs, but most Commercial General Liability (CGL) policies exclude environmental exposure. Contractors Pollution Liability (CPL) coverage addresses unexpected site costs including dealing with underground storage tanks, piping, contaminated fill, buried materials and other potentially hazardous materials.
- Brownfield Redevelopment: An ideal location for development could be tarnished with a questionable environmental history that could impact the health, safety and ultimate value a future project. Unknown and known contaminations are a financial risk that can push away developers, lenders and tenants. The Fedeli Group works with specialized underwriters to provide environmental insurance policies that address environmental indemnification. We can make a complex deal a reality.
- Waste Management Risk: Our Environmental team designs insurance programs to protect manufacturers from accidental spills and releases. Because we understand waste chemistry, we can address threats that may go unnoticed and ensure that your insurance program limits your exposure to fines, damage and reputational risk.
- Merger & Acquisition: If you’re selling, you can give buyers peace of mind with environmental insurance that meets certain indemnification requirements. If you’re the buyer, an environmental policy offers assurance that environmental unknowns are being addressed. Both parties can have confidence in a deal when it’s backed by a well-defined environmental policy.
Let’s Talk. Don’t let environmental liabilities create opportunities for costly accidents. Protect your bottom line and reputation with a well-crafted environmental policy that leaves no gaps for exposure. The Fedeli Group Environmental team is a go-to environmental and insurance consultant—we’re looking out for your business. Let’s start a conversation.