Remediation Cost Gap Protection

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	Financial Specialty's Remediation Cost Cap policy helps to eliminate financial uncertainty from environmental remediation projects by "capping" the costs that an insured would pay for remediation activities. If the self-insured retention is exhausted in the course of performing the remediation project, the RCC pays cost overruns which can occur as a result of increased volumes of:

"identified" pollutants (i.e., those that are the focus of the remediation project),
discovery of unidentified pollutants (i.e., pollutants other than "identified" pollutants),
changes made by the regulatory authority to the remediation project scope of work or to the cleanup standard.

The Remediation Cost Cap protection can be complemented with Environmental Site Protection coverage to "wrap" around the remediation project.

Our Other Environmental Risk Management programs:

Lender Environmental Site Protection

Environmental Site Protection

Contractors Environmental Protection

Blended Finite Program

Environmental Liability Transfer