LBG's Risk Transfer services provide clients with financial strategies and technical solutions to effectively manage, reduce or eliminate environmental liability. LBG works with a client's management team and legal counsel to develop custom, site-specific solutions that meet the individual needs of a transaction. Risk-transfer programs routinely utilize: incentivized contracts to align the parties' interests; environmental insurance policies to cap known and unknown risks; environmental indemnities to address risks not covered by an insurance policy; and escrow amounts/trusts to minimize credit risk.
Because of LBG's proven, fifty-year track record of successful remediation performance, we are able to confidently assume significant environmental risks and navigate through the technical and regulatory hurdles to achieve site closures.
LBG's Risk-Transfer services also include: the use of incentivized, risk-sharing contracts in cases where a client wishes to simply align the interests of a consultant with their own, and LBG can for one fixed fee, assume the environmental risk associated with a site, thereby allow a client to eliminate the liability from their balance sheet, even for smaller sites where environmental insurance is not cost effective.
Capabilities:
- Incentivized risk sharing contracts
- Transfer of risks and obligations with long-term monitoring
- Small remediation site environmental liability transfer
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