Risk Transfer

MACTEC has structured and implemented more than $200 million in complex environmental liability transfer/assumption projects in the last four years. We have the expertise and resources to help our clients mitigate their liability and achieve significant financial benefits.

Under a liability transfer or guaranteed fixed-price remediation approach, MACTEC takes the lead using one of several insurance brokers. The financial responsibility for our clients' environmental liabilities are assumed by one of our third-party liability assumption partners, while we function as the program manager/prime contractor, self-performing and subcontracting the work, as appropriate. Our clients gain significant benefits through our ability to...

• Provide the best value in insurance coverage, premium, and deductible by using our risk management services and working relationships with several insurance brokers. We achieve an appropriate insurance attachment point by properly quantifying the risks to the underwriter and risk analyst.
• Effectively transfer the environmental liability by ensuring that the endorsements to the insurance policies are site- and risk-specific. By developing and negotiating a concise but encompassing definition of cleanup endorsement, we minimize the potential non-covered conditions during a claim scenario.
• Manage the project implementation with full consideration of the insurance and environmental transfer/assumption program requirements. In the event of an insurance claim, the information necessary to support the claim is well documented and defensible.