Using Environmental Insurance as a Tool to Close Transactions - Dennis Toft
October 27, 2014
Natural Resources & Environment
Wolff & Samson member Dennis Toft, co-chair of the firm's Environmental Group co-authored a Natural Resources & Environment article titled "Using Environmental Insurance as a Tool to Close Transactions." The article, which was published in their Fall 2014 issue, discusses the types of risks involved in a contaminated-property transaction and the types of coverage available to address those risks. According to Dennis and Christopher Alviggi of Alliant Insurance Services, "Environmental insurance is one method of managing certain environmental risks. Although today's comprehensive general liability insurance policies have absolute pollution exclusions, a number of insurance carriers are providing specific forms of environmental coverage to address pollution-related concerns. These policies provide a mechanism to address many to the specific environmental risks that may be the key to getting a transaction closed."