Lose the Liabilities: Insurance for Property Transactions/Site Redevelopment
Presented by Peter Alvey, P.E. & Jennie Miltiades of Synapse
Tuesday, November 15th at 1-2pm EDT
Prior use of sites, whether agricultural, commercial, or industrial in nature, can pose hurdles for new purchasers and/or developers. The former activity on a site can hinder the sale of the property or prevent a seller from being able to divest a property without prior liabilities following them. Additionally, lenders may only provide financing for a property transaction when environmental risk can be transferred. For all these potential obstacles, Environmental Impairment Liability insurance may be a solution.
Please join us to discuss the potential barriers faced by property sellers, purchasers, and developers when selling, buying, and/or developing previously impacted sites, and how site pollution insurance can be structured to act as a tool to facilitate the transaction and future development. We will discuss the Insurance marketplace and typical policy structures, including coverage enhancements and exclusions. Additionally, we will walk through the purchase and development of a brownfields site and highlight the risks and solutions utilized. Register today by filling out the form below.