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Printer Friendly Version
| | Environmental Products : Remediation Cost Containment (RCC) Policy |
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| | | Specimen
Application | | |
- Unique "stop-loss" type policy that gives the insured protection from cost overruns incurred for a pollution clean-up project
- Protects against the uncertainty involved in undertaking a redevelopment project of a contaminated site and minimize the risks associated with the remediation project
- Enables insured to utilize the in-house expertise of ACE Environmental Risk to assist in the monitoring of the costs and progress of the remediation effort
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- Minimum project size: $2 million
- Minimum premium: $100,000
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- Limits available up to $25 million
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- Owners of contaminated properties
- Prospective purchasers of contaminated properties
- Real estate developers and investors
- Brownfield redevelopers
- Remediation contractors and consultants
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- UXO/MEC risks
- Dig and haul soil projects
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- Policy can be tailored to meet the needs of the insured, including the ability to utilize a finite risk approach to fund the anticipated remediation costs, which can translate into additional cost savings over the life of the project
- Engineering risk assessment is quick, efficient and objective creating a collaborative process
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