Environmental Insurance

Protecting your assets against environmental risks and losses.

Why Use Environmental Insurance?

Environmental insurance transfers the risks (both known and unknown) related to pollution events and contaminated land over to the insurance market.

The policy protects you against breaches of environmental representations and warranties, legal liabilities, remediation and loss of business costs.

For example, if a pollution event stops you being able to operate at a site, your policy will help cover the clean-up costs and loss of revenue.

Helping you plug hidden policy gaps

Your public liability or property policies often won’t cover you for pollution and environmental issues. And the same is likely to be true for your warranty and indemnity (W&I) policy on any transaction. We use environmental insurance to close the gaps.

We’ve advised some of the largest private equity firms, real estate funds, land developers and government departments around the world on complex environmental risk transfers.

Their deep market knowledge enables them to achieve fantastic results in tight timeframes.
LDC Group
“Having used the Miller team to broker a number of very difficult insurance solutions on key transactions, we have been impressed by their responsiveness, service and process which has freed my team up to focus on our primary legal service role for our clients.”
Herbert Smith

How a policy works

Policyholder	Buyers, sellers, target companies (and other entities if non-M&A related).
Policy period	Commonly 10 years for operational sites. Up to 15 years in certain cases.
What you’re typically covered for	Remediation costs. Third-party claims. Regulatory liabilities. Loss of business arising from pollution events.
How pricing works	What you pay One-off premium. How it’s calculated As a percentage of the policy limit: 0.4 – 3% for typical transactions up to 6% for transactions with sizeable environmental exposures. Factors that affect pricing Number and jurisdiction of insured locations. Size of the policy limit. Nature of the underlying operations. Underlying risk. Level of known contamination.
Key exclusions	We’ll try and remove these where possible, but environmental policies will generally exclude: fines and penalties losses arising from change of use and, increasingly, perfluoroalkyl and polyfluoroalkyl substances (PFAS) contamination.
The information we generally need	Phase 1/Phase 2 environmental reports. Remediation action plan or validation report. Vendor/buyer due diligence assessments. Internal environmental self-assessments Environmental audits. Any correspondence with the relevant environmental regulators Access to virtual data room if possible.

Why Miller?

Your transactions are complex, time-sensitive and highly demanding. That’s why we choose a partner-led approach where our senior people give you constant support.

And, as a team, we hustle harder than any other M&A broker in the industry.

Find Out More

Meet The Team

Andrew Johnson

Executive Director - Joint Head of Mergers & Acquisitions and Strategic Solutions (MASS) +44 (0) 20 4614 0030 [email protected] Read more

Edwina Charlton

Executive Director - Joint Head of Mergers & Acquisitions and Strategic Solutions (MASS) +44 (0) 20 4614 0027 [email protected] Read more

Rupert Newman

Director – Head of Broking, Mergers & Acquisitions and Strategic Solutions (MASS) +44 (0) 20 7031 2147 [email protected] Read more

Priyan Shah

Director - Mergers & Acquisitions and Strategic Solutions +44 (0) 20 4614 0133 [email protected] Read more

Jake Tobin

Chief Commercial Officer +44 (0) 20 4614 0032 [email protected] Read more

Ceri Davies

Director - Client & Market Coverage +44 (0) 20 4614 0075 [email protected] Read more

Rikesh Somaya

Associate Director – Professional and Financial Risks +44 (0) 20 7031 2919 [email protected] Read more

William Seccombe

Executive Director - Head of Professional & Financial Risks Asia +65 6349 5725 [email protected] Read more

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