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Environmental Insurance and Risk Management

Shipman & Goodwin’s environmental attorneys are regularly called upon to advise on numerous environmental insurance and risk management matters both regionally and nationally.

We counsel our clients with innovative legal risk management strategies (including the use of environmental insurance and other liability transfer strategies) to box in risk.  In several cases of national prominence, we have utilized liability transfer strategies to effectively cap costs and address potential future liability.  We work with buyers, sellers, developers, banks and other private institutional lenders/investors, energy companies, and engineering firms to develop and utilize environmental insurance and other risk transfer mechanisms to creatively manage environmental concerns and close deals involving contaminated properties. 

Our representation includes:

  • Evaluating risk and working with environmental insurance brokers to design specifications and select products for coverage
  • Negotiating coverage issues with insurance companies
  • Manuscripting policies to extract the best coverage possible
  • Assisting with environmental claim management
  • Developing and negotiating guaranteed-fixed price or aligned interest contracts (with and without insurance) to limit cost-overruns and incentivize efficient and effective remediation and project completion

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