Liability Assumption

Key elements of our Liability Assumption Program include:

1

Absolute environmental risk assumption by IDA with a rigorous corporate indemnification, risk management, and an insurance program at a guaranteed fixed price.

2

Comprehensive assessment of the asset/property to be divested including:

  • Environmental history
  • Applicable permits, orders, other regulatory drivers
  • CCR impoundments and landfills
  • Ground and surface water issues
  • All related onsite assets and liabilities
  • Redevelopment constraints

3

Thorough financial analysis of liabilities and costs including:

  • Demolition
  • Asbestos abatement
  • Environmental remediation
  • All sitework necessary to comply with all state or federal regulatory requirements

4

Flexible and creative financing options including:

  • Placement of remediation funds into escrow accounts for release upon completion of mutually established milestones and confirmation by an independent engineer
  • Guaranteed income products
  • Deferred payment plan options

5

The industry’s foremost risk management and securitization program, including:

  • Pollution Legal Liability Policy
  • Excess of Indemnity Policy
  • Contractors Pollution Liability Policy
  • Bonding
  • Collateralization