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Home > Services & Products > Insurance Products > Financial Institution Coverage
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Recently, the environmental insurer community has developed risk management programs that supplement or even replace lender environmental loss prevention programs. Blending due diligence and risk transfer as well as claims management, environmental insurance programs for secured lenders offer a cost-effective alternative to lending practices. And while standard policies offer decent protection to a lender, the most effective environmental insurance programs products of lender commitment to the product and expert brokerage representation to tailor the insurance contract to the specific exposures and business requirements of the lender.
Coverage's
- Outstanding Loan Balance
- Liability for Toxic Tort
- Liability for Property Damages
- Liability for Clean-Up Costs
- Legal Defense Expense
- Contractual Liability
- Business Interruption
- Development Delay Costs
Frenkel Environmental Risk Services develops cost-effective environmental risk management programs for secured lenders:
- Lending practice environmental risk management programs
- Portfolio programs
- Single loan or small loan group programs
- Policy form, terms and conditions tailored to specific exposures of each client
- Borrower Insurance Placement to Lender Specifications
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