Severing liability from balance sheets
The Hylant Environmental Risk Practice has specialized experience in the evaluation, design and placement of insured blended environmental risk transfer programs. In these specialized transactions, a seller or owner of an environmental liability can sell the liability to a third party, who then contractually assumes the obligation. This transaction is then insured to provide additional protection.
The expected cost of cleanup, Cost Cap insurance and Pollution Legal Liability can be blended into a comprehensive insurance program to transfer the liability to the third party and sever the liability from the balance sheet.
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