Total Risk Transfer Brochure
We now have available to download our Total Risk Transfer Brochure.
Total Risk Transfer is the term we apply to describe the combined use of fixed price remediation, packaged with insurance to cover new and existing liabilities.
This works best to support the sale or purchase of a site when it is already know that pollutants have impacted the site, and the Vendor wants to transfer liability effectively to another party at point of sale.
Provectus provides the remediation solution, designing a scheme that can be delivered for regulatory approval at a fixed price. This provides certainty as to remediation but insurance is then wrapped around our offer to ensure the client gets protection for off-site pollution and future pollution events.
Each deal is different: we provide the complete package and have appointed representatives registered through the FSA who can design the right insurance fit around the right remediation solution.
We have proven experience in Total Risk Transfer having delivered a number of these schemes over the past 5 years- helping to unlock over £150 million of real estate transactions at a stage when uncertainty of risk was leading to erosion of asset value.
- A fixed price is provided for the remediation of a known condition;
- Unknown liabilities are managed through an insurance programme;
- Long tail liabilities are managed through an insurance programme; and
- Liabilities are managed to such an extent, that both vendor and purchaser are much more likely to be able to step away from the risk upon the subsequent sale of the site.
Download the brochure here.