To the novice it is hard to grasp and to the experienced it is hard to believe.
Liability transfer or long-term operating and maintenance for remediation sites is here today.
Liability transfer provides a way for a third party to assume all relevant legal and administrative responsibilities for pre-existing environmental contamination. It can also be tailored to provide coverage for unknown future liabilities such as tort and natural resource damages.
Liability transfer will lock in clean up cost, lock out regulatory changes and inflation risks and it will eliminate ongoing burdens and cost of managing the remediation of the environmental liability.
Benefits:
- Minimizes The Uncertainties of Future, Long-Term Clean Up Obligations
- Provides For Financial Assurance For Future Clean Up Obligations
- Shifts All Financial Risks For Pre-Existing Contamination To A Triple A Rated Insurer
- Satisfies Emerging Disclosure Obligations
- Provides Long-Term Protection At Discounted Rates
- Eliminates Ongoing Administrative Burdens
- Provides Potential For Accelerated Tax Benefits
For more information about this service:
email:
mvagasky@redstonegrp.com