Environmental

Krauter & Company’s professionals have a long established presence and expertise with environmental liability programs

Within almost any company in any given industry there exists at least some degree of environmental exposures that stem from statutory or common law liability. Krauter & Company is an industry leader in the identification and evaluation of these environmental risks. With a strong background in Mergers & Acquisitions, Krauter & Company knows what to look for and how to keep clients protected and secure, whether that be for operations in the US or abroad. Many countries that have historically ignored the repercussions of pollution caused by industry are awakening to the potential hazards from pollution and the subsequent damage to persons, property and the environment.

The insurance industry has followed suit and developed some very useful products to protect Insureds worldwide in any industry from these exposures through the use of traditional and alternative risk products. These programs have evolved over the years and can now be written to cover almost any potential claim emanating from pre-existing conditions or new conditions.

WHY KRAUTER ENVIRONMENTAL?
The combination of Sarbanes-Oxley and new financial accounting standards creates significant new risks for companies, especially those companies involved in M&A transactions. These exposures are problematic to the facilitation of a merger or acquisition, especially if the two parties cannot mutually agree on the valuation of the unknown exposure or the expected cost of remediation. Additionally, there are several key instances where suits can be brought against a company or its directors and officers where the typical pollution legal liability coverage would not respond. In the case of an M&A transaction, these suits can be brought against the directors and officers of both Newco and Oldco. We have identified these coverage gaps and know where to endorse other insurance programs to complement the environmental liability programs to prevent uninsured exposures and protect a client’s balance sheet. In any circumstance, Krauter & Company has the expertise to design the proper environmental risk management solutions.

MORE INFORMATION? CONTACT US.
For more information about Krauter & Company’s Environmental capabilities or professionals, send your request to: info@krautergroup.com

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