Environmental Insurance Brokerage Services
IRG Environmental, LLC, is regarded as the industry leader in mitigating environmental risk for owners. We serve as an advisor, consultant and broker, and consistently provide solutions that get deals done.
Our team has completed hundreds of transactions that include Federal Superfund (NPL) sites and military base closure (BRAC) sites. We firmly believe that our unique, unbiased approach to environmental risk management can provide clients with technically sound and economically efficient solutions to even the most challenging environmental conditions. Our experienced team evaluates the entire transaction including all appropriate contracts (including indemnifications) and existing environmental data. Regulatory interviews and insight are included in the formation of appropriate risk transfer solutions. The blue print which results from the environmental due diligence process is converted to a manuscripted insurance policy tailor made to address the client's environmental risks, financial security needs, and appetite for risk.
IRG Environmental, LLC, represents all of the major environmental insurance carriers. Environmental insurance premium placements to date exceed $225 million. Non-transactional environmental risks such as environmental construction exposures (contractors, developers and consultants), environmental impairment for ongoing ventures and specialized environmental surety are included in the portfolio makeup.
Ancillary client services offered by IRG Environmental, LLC, include contractor screening (pre-qualification), RFP design/requirements, engineering document review to make early insurability determinations, remediation cost estimates, claims dispute support/resolution and claim reserve validation.
Post placement services include claims handling/reporting, guidance on policy reporting procedures and policy modifications for future site divestitures or assignments. Project management services are available through sister company IRG Assumptions, LLC.
IRG Environmental, LLC, bridges the gap between customary commercial casualty risk and its environmental counterparts through its relationship with sister company - IRG Underwriters, LLC, which specializes in standard commercial insurance and surety needs.
Related Transactions
Acquisition of the LTV Steel Hazelwood site by Almono, LP |
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Centre Port II Building |
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86-acre Property in Richmond, CA. |
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New Proprietary Political Risk Policy -
Anti-Deficiency |
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Kaiser Site in Erie, PA |
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Commercial Insurance |
IRG Underwriters, LLC, provides a full array of commercial insurance and surety bonds. These coverages are often integrated with environmental insurance solutions provided by our sister company, IRG Environmental, LLC, to offer our clients complete protection. The extensive technical and business knowledge of our staff facilitates the design of custom coverages and programs to fit each client's needs. Additionally, we offer risk management services for safety and loss prevention, risk retention and premium financing. Commercial Products include:
- Commercial general liability
- Property-casualty packages
- Professional liability
- Directors and Officers liability
- Employment practices
- Marine
- Manuscripted coverages
Surety Bonds
IRG Underwriters, LLC, maintains a staff of highly qualified surety professionals with over 30 years of experience in this specialty line of business. This experience encompasses underwriting, agency underwriting, placement of bonds and servicing of surety clients. IRG Underwriters is contracted with most major national sureties and several regional sureties. Through our professional affiliations, IRG Underwriters has access to all surety markets.
Our approach is to fully understand the surety client's operations and become a member of the client's advisory team. Knowledge and experience for this role is based upon decades of servicing numerous successful clients.
Value-added services include:- Subcontractor investigation and prequalification
- Contract review
- Contract financing confirmation
- Business advisor/Management consultant
- Referral of other professionals, legal, financial, tax, etc
- Active participation in insurance, surety and construction associations
Risk Management
Our approach to managing risk is to focus on the assessment of our client's operations. This allows the development of alternatives for the protection of our client's human, physical and financial resources. In many instances, standard insurance is the answer, but not every client's exposure and tolerance for risk is the same. IRG Underwriters risk management analysis lends clarity and creativity to our client's decision-making process.
Risk Management Alternatives
- Owner controlled insurance programs
- Contractor controlled insurance programs
- Insurance captives
- Rental captives
- Self-insured retention programs
Related Transactions
International Risk Group announces the acquisition of Affinity Insurance Partners |
