Cleanup costs mean expenses (including but not limited to legal and professional fees) incurred in testing for, monitoring, cleaning up, remediating, containing, removing, treating, neutralizing, detoxifying, or assessing the effects of pollutants. Cleanup costs also mean those expenses incurred with the insurer’s written consent in the removal or remediation of contamination, including the associated monitoring or disposal of soil, surface water, or groundwater.

Coverage Options

  • Form designed around project owner or contractor as insured
  • Cleanup costs for known conditions in excess of the remediation amount
  • Limits available up to 100% of expected cleanup costs with a $10M maximum limit (excess limits may be available)
  • Self-insured retention dependent upon scope of work and cost estimate
  • Policy term to coincide with project schedule, subject to 10-year maximum term
  • Co-payment requirement can range from 10% to 20% 
  • Ideal project size is between $3M and $10M in cleanup costs (can entertain higher project sizes on case-by-case basis)
  • Coverage territory restricted to the US (50 states)

Preferred Contaminants Being Remediated

  • Polycyclic aromatic hydrocarbons (PAHs)
  • Semi-volatile organic compounds (SVOCs)
  • Volatile organic compounds (VOCs)
  • Metals
  • Petroleum hydrocarbons
  • Asbestos remediation
  • Low-level radioactive materials