Clean-up Cost Cap Policy Highlights

Coverage for cleanup costs exceeding a cost estimate
Attachment point is the cost estimate usually plus a buffer
Policy periods of one to ten years
Coinsurance requirements may apply

Program Highlights

Applicable to cleanups of all kinds, including RCRA and CERCLA, Brownfields/Voluntary, settlements
of coverage litigation
Scheduled locations or projects – can also apply to portfolios of properties or multiple projects
Can be combined with separate site pollution liability policy to cover cleanup costs from unknown conditions, third party liability, long-term stewardship
Minimum premiums usually $300,000.00
For sites with small cleanup costs, indemnification for cost overruns can be provided by a guaranteed fixed price remediation contract

Customer Profile

Remedial action contractors
Project site owners
Developers/buyers
Responsible parties

Copyright © 2017 Environmental Insurance Agency, LLC. All rights reserved.

powered by visionary fusion