The Brownfields
Program



Remediation Cost Cap

Environmental Contract
Insurance (ECI)

Target Market

Coverage Highlights

Limits, Deductibles
and Premiums

Contractor & Project
Underwriting

Issuing Carriers and
Key Points

Return to Home Page

TARGET MARKET

As mentioned above, uncertainty over cleanup costs and liability concerns constrain investment or redevelopment of contaminated properties. Over 95% of all cleanups can be completed for less than $1 million. Nevertheless, secured creditors, prospective purchasers, and property owners seek protection for costs far exceeding REMEDIATION cost estimates. Multi-year protection against government reopener of a completed project are also desired.

LEGENDS ENVIRONMENTAL INSURANCE SERVICES seeks to guarantee cleanup cost estimates for REMEDIATION projects ranging from $50,000 to $10 million. Cleanup projects may range from petroleum hydrocarbons or other organic compounds to the REMEDIATION or destruction of soils contaminated by heavy metals. In many instances, ECI is written with SLEEP coverage, contractors professional liability or site specific pollution liability. Voluntary cleanups and "Brownfields" are the primary targets for this program.