Provides a financial assurance mechanism to meet the needs for the closure and/or post-closure costs of a regulated waste facility. This policy is for any customer class that owns or operates a landfill, waste treatment unit or hazardous waste treatment storage or disposal facility, and is required to post financial assurance costs to meet the regulatory guidelines under RCRA.

Post-closure means the requirements placed upon disposal facilities after closure to ensure their environmental safety for at least a thirty-year period or until the site becomes stabilized, which means there is little or no settlement, gas production, or leachate generation.

Coverage Options

  • Allows for payments directly to the regulatory agency for a full or partial closure and/or post-closure costs
  • Pays on behalf of the insured – the company can deal directly with the regulatory agency on behalf of the insured
  • Uses a deductible in lieu of a retention for any retained amount
  • Modified cancellation provisions to comply with the financial assurance guidelines
  • Assists the insured in meeting its financial assurance obligations
  • Policy is subject to a guaranty agreement to back the limits of liability offered

Key Features

  • Limits of Liability up to $50 million aggregate
  • One-year policy term
  • $25,000 minimum premium
  • Covered locations in US and Canada
  • Separate limits can apply to each coverage part

Target Classes

  • Environmental facilities
  • Landfills
  • Recyclers
  • Treatment facilities
  • Wastewater treatment
  • Manufacturing facilities
  • Waste storage
  • Corrective action obligations
  • Healthcare and life sciences
  • Medical equipment and supplies