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 protections
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 "Brownfield’s" are
the primary targets for this program.
Contact Us today to get your quote!
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