Remediation Cost Cap

Cost overrun and risk transfer solutions for your remediation projects

Environmental Remediation Cost Cap Coverage provides cost overrun protections to owners or contractors when faced with a long-term environmental remediation project.

These policies are designed to pick up cost overruns on a remediation project if it goes beyond the projected budget.

But, when determining if a remediation program is sound and its costs allowed, carriers typically have stringent underwriting rules for remedial action plans (RAP). Policy limits are generally based upon the costs identified in a RAP and are subject to a negotiated self-insured retention. Some carriers may also include a co-insurance provision. Policy terms can be written for up to 10 years.

Practice Leadership

Joe Quarantello

National Environmental Practice Leader

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