Environmental Insurance, Escrows, and Contractual Transfers of Environmental Liability
Identifying, Quantifying and Allocating Potential Liabilities and Long-Term Environmental Obligations
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will review both traditional and evolving environmental insurance products (e.g., pollution legal liability, cost cap, and excess of indemnity), escrows, contractual liability transfers, and other tools in the context of the cleanup and/or transfer of contaminated properties.
- Use of environmental insurance and other risk transfer tools to support fixed-price cleanups and purchases/sales of contaminated properties
- Why use
- When to use
- How to use
- Advantages and disadvantages
- Mechanics of tools
- Lessons learned
The panel will review these and other key issues:
- How can costs be best quantified and fixed?
- How can costs be best reduced?
- How can cleanup quality be best improved?
- What are the opportunities (and best means) of negotiating and scripting favorable language in policies, escrows, and other risk management tools?
- What are the challenges and pitfalls of using the various tools?
Lawrence P. (Larry) Schnapf
Mr. Schnapf primarily concentrates on environmental risks associated with corporate, real estate and Brownfield... | Read More
Mr. Schnapf primarily concentrates on environmental risks associated with corporate, real estate and Brownfield transactions. He counsels clients on environmental compliance, and represents clients in federal and state environmental litigation, enforcement actions, administrative proceedings and private cost recovery actions. Mr. Schnapf has also written numerous articles on environmental law, and is the general editor/contributing author of “Environmental Issues in Business Transactions” published by the Business Law Section of the ABA. He is Chair of the Environmental Law Section of the New York State Bar Association and Co-Chair of the NYSBA Brownfield Task Force.Close
William J. Squires, III
Hinckley Allen & Snyder
Mr. Squires represents buyers, sellers and lenders in the purchase and sale of operating businesses, real property and... | Read More
Mr. Squires represents buyers, sellers and lenders in the purchase and sale of operating businesses, real property and industrial facilities. He negotiates and structures business transactions, drafts contracts, and negotiates environmental insurance policies addressing environmental issues. Mr. Squires also devotes a significant portion of his practice to permitting, regulatory compliance, enforcement defense, wetlands matters, and environmental insurance disputes.Close