Environmental insurance offers contractors a variety of flexible ways to address potential environmental exposures and cleanup costs overruns:

CLEAN-UP COST CAP

Cleanup Cost Cap coverage (CCC) is an environmental insurance policy that protects owners or remediation firms from potential cost overruns associated with the execution of a cleanup. This brings more certainty to the total cost of undertaking a remediation project. Companies can quantify their financial exposure on such projects by using the Cleanup Cost Cap program to insure against cost overruns when environmental remediation projects exceed the projected costs. Cleanup Cost Cap is a valuable investment strategy tool for better managing liabilities by ensuring that unexpected costs prevents investing in contaminated property from becoming an unknown financial proposition.

Without the proper risk management strategy, investing in and redeveloping contaminated property can have more risks than benefits. The potential for cleanup cost overruns can often turn an attractive real estate deal into a financial burden. Fortunately, the continued refinement of environmental insurance over the years has made investing in contaminated property far less risky. Cleanup Cost Cap coverage is designed to address the risk uncertainty associated with beginning or continuing an environmental remediation project.

BENEFITS OF ENVIRONMENTAL INSURANCE:

• Caps cleanup costs related to execution of the remedial plan.
• Offers an additional optional coverage for newfound contamination that is discovered in the course of performing cleanup pursuant to the remedial plan at a covered location.
• Can be structured in combination with a pollution legal liability policy to provide coverage for on- and off-site cleanup of preexisting and new conditions outside of the remedial plan triggered by discovery or third-party claims.
• Responds to governmental reopeners or change orders. It also fills the gap in government voluntary cleanup program liability releases or other governmental liability releases for environmental conditions.
• Multi-site programs can be offered.
• Terms of up to ten years are available.

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The JCH Difference

When you trust your company’s environmental risk management to JCH, you can rest assured that we have designed a customized risk management program based on all the information and that the solution we offer is specifically designed to help your company meet its business objectives.