Serpe Insurance

Serpe Environmental Strategies (SES)

SES is a unique company established to provide solutions to the ongoing dilemma faced by companies trying to achieve closure to their environmental liabilities at a site or sites, once the primary cleanup has been accomplished and/or the facility(ies) has/have been closed. These liabilities manifest themselves as ongoing costs for Operations Maintenance (O&M), monitoring/testing and reporting. In addition, there are ongoing quantifiable and non-quantifiable costs associated with third party liability, cost overruns and continuing management and transaction efforts. Finally, all of these costs combined with management and transaction requirements create a continuing contingent liability, balance sheet and financial exposure. This exposure typically extends for several years, usually mandated by settlement agreements and/or regulatory statutes.

SES, whose principals each have over 25 years experience in the finance/insurance and structured settlement industries, has developed and certified a process that brings real closure to such liabilities. Our business method, the "SES Model," is so unique to the industry that we have received a patent pending on our approach. SES's approach can provide a legal defeasance (ability to "de-recognize" balance sheet contingent liability) and an immediate tax benefit for ongoing future costs...all on a Net Present Value basis. The benefits are apparent...a lump sum buyout on a Net Present Value basis covering all future "costs to closure," a legal defeasance allowing you to remove contingent liability and relating footnotes from your balance sheet and an immediate full tax deduction for the lump sum costs paid. Finally, an insurance policy is provided as part of the process that protects against any future third party liability and cost overruns. SES believes we have the long sought-after "Holy Grail" in the environmental industry that provides companies with the real opportunity to bring closure to their environmental exposure. While it is not possible to get your company's name removed from settlement agreements or consent decrees, nor remove or replace your company's name and obligations under existing permits, we can do the next best thing...eliminate the associated liabilities.

For further discussion contact us at: