Ryan Transactional Risk has introduced a new insurance product aimed at helping companies manage the risk of unexpected costs during environmental clean-ups. The product, called Ryan Transactional Risk Enviro, is designed to cover cost overruns in projects involving environmental remediation, such as corporate deals, mergers and acquisitions, and real estate developments.
This insurance is meant to reduce the financial uncertainty that comes with cleaning up known environmental contaminants. It uses a specialized policy form combined with a defined-scope agreement to provide coverage specifically for these potential extra expenses.
Ryan Transactional Risk Enviro is available to both global and regional brokers and agencies across the United States. The underwriting team includes industry experts Cole Russo, Roland Costanzo, and Al Nesheiwat.
Ryan Transactional Risk itself focuses solely on offering insurance solutions for mergers and acquisitions, making this new environmental coverage a natural extension of their services. This product aims to give businesses more confidence when dealing with environmental risks tied to their projects.