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Site Lender Environmental Asset Protection (SLEAP)

Our SLEAP product covers lenders of commercial loans secured by real property.

What we offer

Key Coverages 

  • In the event of a pollution condition and a loan default, pays the lesser of the outstanding loan balance or the estimated cleanup cost
  • 3rd party bodily injury and property damage
  • New and existing pollution conditions 
  • Known and unknown pollution conditions 
  • Known and unknown storage tanks 
  • Transportation, non-owned disposal site liability (blanket locations) 
  • Covers business interruption should the lender foreclose on the property 

Additional Coverages 

  • Protection against third-party claims for cleanup, bodily injury, property damage, and defense costs associated with the collateral property at all stages of a commercial loan, regardless of whether the loan is in default. 
  • Covers cleanup costs if the lender first discovers contamination at the collateral property after a foreclosure. 
  • Can cover a single property or a portfolio of properties secured by a single loan. 
  • A great alternative to conducting a Phase II ESA to address environmental concerns. 
  • The policy can be transferred to purchasers of the loan.

How can we help

Our policy covers lenders on their commercial loans to help protect the collateral value of real property and cover related financial losses that could negatively impact a lender’s bottom line. This is valuable coverage to lenders as it transfers the pollution risk to an insurance company willing to take the risk on. It shores up lenders’ environmental due diligence program, giving lenders the comfort to sleep at night. 

Who we can help

  • Banks
  • Savings and loan companies
  • Credit unions
  • Private equity firms
  • Life insurance companies
  • Real Estate Investment Trusts (REITs)
  • Any institution which originates commercial real estate secured loans 

The Beazley Difference

  • Expert underwriters with technical backgrounds and hands-on experience in the field 
  • Deep understanding of environmental exposures 
  • A global underwriting team that works collaboratively with brokers and insureds 
  • A focus on complex and hard to place risks 
  • Consistent appetite which is broader than most other insurers 
  • Bespoke policy wordings for the client’s industry and environmental needs 
  • Dedicated claims managers to work with clients throughout the entire claims process 

Your Beazley Team

Jayne Cunningham

Jayne Cunningham

Focus Group Leader - Environmental

Remote, NC, USA

+1 (212) 801 7147

Email Jayne

Nathaniel Martin

Nathaniel Martin

Underwriter - Environmental

New York, NY, USA

+1 (212) 801 7177

Email Nathaniel

Colleen Dill

Colleen Dill

Underwriter - Environmental

Miami, FL, USA

+1 (212) 801 7121

Email Colleen

Greg Dunn

Greg Dunn

Underwriter - Environmental

Philadelphia, PA, USA

+1 (215) 446 8415

Email Greg

Michael Crossman

Michael Crossman

Underwriter - Environmental

Philadelphia, PA, USA

+1 (215) 446 8454

Email Michael

Chris Biddle

Chris Biddle

Underwriter - Environmental

Philadelphia, PA, USA

+1 (215) 446 8416

Email Chris

James Wilkins

James Wilkins

Underwriter - Environmental

Atlanta, GA, USA

+1 (770) 351 1674

Email James

Ryan Nay

Ryan Nay

Underwriter - Environmental

Atlanta, GA, USA

+1 770 576 1533

Email Ryan

Morgan Rice

Morgan Rice

Underwriter - Environmental

Atlanta, GA, USA

+1 (770) 351 1690

Email Morgan

Edwin Baez

Edwin Baez

Underwriter - Environmental

Miami, FL, USA

+1 (786) 843 3214

Email Edwin

Elham Tallackson

Elham Tallackson

Underwriter - Environmental, Specialty Lines

Chicago, IL, USA

+1 (312) 476 6225

Email Elham

Elizabeth Seltzer

Elizabeth Seltzer

Underwriter - Environmental

Chicago, IL, USA

+1 (312) 476 6254

Email Elizabeth

Courtney Salinas

Courtney Salinas

Underwriter - Environmental

Houston, TX

+1 (972) 419 8032

Email Courtney

Jessica Bricarell

Jessica Bricarell

Underwriter - Environmental

Houston, TX

+1 (972) 419 8006

Email Jessica

Eric Rosenblum

Eric Rosenblum

Underwriter - Environmental

Denver, CO, USA

+1 (303) 927 1549

Email Eric

Miles Foxworth

Miles Foxworth

Underwriter - Environmental

Denver, CO, USA

+1 (416) 777 6880

Email Miles

Andrew Hirsch

Andrew Hirsch

Underwriter - Environmental

Denver, CO, USA

+1 (303) 927 1555

Email Andrew

Jenny Han

Jenny Han

Underwriter - Environmental

San Francisco, CA, USA

+1 (415) 263 4073

Email Jenny

Courtney Keeney

Courtney Keeney

Underwriter - Environmental

San Francisco, CA, USA

+1 (415) 263 4068

Email Courtney

Samantha Runyon

Samantha Runyon

Underwriter - Environmental

Los Angeles, CA, USA

+1 (213) 228 7717

Email Samantha

Caitlin Patten

Caitlin Patten

Underwriter - Environmental

Los Angeles, CA, USA

+1 (213) 228 7718

Email Caitlin

Timo Roberts

Timo Roberts

Underwriting Assistant

San Francisco, CA, USA

+1 (415) 263 4063

Email Timo