Enviro
Ryan Transactional Risk (RTR) Enviro is the leader in providing Environmental Remediation Cost Overrun insurance for corporate transactions, divestures, mergers & acquisitions and real estate development projects. The purpose is to eliminate or minimize the environmental exposure of known pollution/contaminants associated with these transactions. RTR Enviro uses its remediation excess policy form, in conjunction with its unique defined-scope contract, to provide insurance coverage for the risk of cost overruns on remediation projects. The defined scope agreement, through its oversight role requirement performed by RTR Enviro, allows the underwriting team to monitor project performance and make required project course corrections modifications when necessary. This element of required oversight control, along with methods to incentivize the consultant facilitates the alignment of interests between the insured, the consultant as well as the RTR Enviro team. The sole focus is to bring projects to a mutually agreed endpoint, at or under the insured project budget amount.
The RTR Enviro Remediation Excess Cost Overrun insurance policy allows for the insured to transfer the risk of remediation cost overruns to our unique Enviro policy form, which is backed by a panel of Best’s A rated insurers and reinsurers.