|Integrated Real Estate, Site
and Risk Transfer Solutions
The biggest issue making the redevelopment of a Brownfield sites difficult is the enormous amount of risk uncertainty including cleanup costs, unpredictable regulatory actions and re-openers, historical contamination legacies, owner/developer and third-party liability and securing financing. Historically, it has been difficult for real estate professional to get their arms around these uncertainties. Successful underwriting of a standard real estate transaction demands the “boxing” of the moving pieces of the deal. Freezing the risks by transforming the uncertainty to certainty is paramount. At that point the boxed risks just become another variable in the deal and can be factored in.
Through innovative use of risk management techniques and properly blended insurance products, real estate transactions with the uncertainty of environmental impairments can be made certain, allowing the deal to move forward. Proper risk management is key to keeping the deal on track.
Environmentally impaired real estate’s transactions require an experienced risk management consultant like SCS Engineers that understands your business and risk management objectives. SCS takes the time to understand your goals and can translate and articulate your risk management needs and requirements to insurance professionals. SCS works closely with you and insurance professionals in developing a creative, cost-effective program structure that provides protections from those environmental risks that pose a threat to the success of your deals.
SCS partners with a world class insurance brokerage firm with over 30,000 dedicated and seasoned professionals. SCS partners have a full menu of insurance and contractual options to mitigate and box the environmental risk in a real estate transaction. These tailored risk solutions not only control risk and exposure but also maximize cost certainty in your deal.
Through its insurance partners, SCS SECURE can deliver a full arsenal of risk management tools, including:
· Guaranteed Fixed Price Remediation Coverage
· Cleanup Cost Cap or Remediation Stop-Loss Insurance
· Pollution Legal Liability Policies
· Blended Finite Risk/Risk Transfer Products
· Contractual Liability Buy Out Programs
· Secure Creditor Impaired Property Policies
A customize blend of insurance products along with traditional risk management allocation mechanisms will protect and preserve your deal. A real estate deal should never die because of an environmental impairment. It should be transformed into risk and dollar certainty.