Captive Insurance Program - An Emsource Consulting Engagement
Client: Confidential Client
Location: United States
Cost Range: $25-30MM (real)
- Pool and underwrite remediation and institutional control costs for up to 2,400 sites that have (or had) underground storage tank removal operations underway. Eliminate operating inefficiencies and duplicative interstate management costs.
- Unwind over-funded balance sheet reserves associated with the sale of facilities.
RISK TRANSFER PROGRAM
Category: Petroleum Refining
Project Insurance Limits:
- Remediation Expense: Captive Insurance Program
- Pollution Legal Liability: $30 million; 10-year term
Emsource Partners & Contractors:
- Insurance Broker: Marsh MMC
- Environmental Insurance: Confidentiality terms apply
- Regulatory Agency: Confidentiality terms apply