Lender Environmental Liability

FEI offers Lender Environmental Liability for banks, financial institutions and other commercial loan originators to protect their collateral from environmental impairment claims. Coverage applies in the event of default and an accompanying discovery of a Pollution Condition. Target classes include new loan originations going forward that can be covered on a Portfolio basis. Premiums are competitive with the cost of existing forms of environmental due diligence that may be required from a borrower. Lender Environmental Liability may speed loan review and closings while providing a level of financial security that is superior to traditional due diligence. One-off transactions can be underwritten to satisfy concerns that a Lender may have about specific site conditions on the collateral. A Lender Environmental Liability policy may also substitute for certain escrow, indemnity or hold back requirements on an individual loan.