Remediation Management

Our remediation management coverage provides corporate clients with environmental remediation and clean-up obligations.

Our REM product indemnifies the policyholder for financial losses when the anticipated cost of a remediation project is exceeded. It also protects against contingent and vicarious professional liability resulting from contracted remediation services. We can insure many types of remediation projects throughout the U.S.

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Richard Zarandona

Executive Vice President

+1-908-508-4324

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Highlights
  • Capacity up to $10 million
  • Single or group project basis
  • Policy period up to 5 years
  • Coverage backed by the exceptional financial strength and solid claims-paying ability of the AXIS insurance companies
  • Highly experienced underwriting team consisting of engineers and scientists who have over 20 years of site remediation experience and are experts at tailoring coverage solutions for each client's unique risk transfer requirements
  • Expense handling is managed in-house and includes the use of select specialist firms to expertly review unanticipated expenses and handle as quickly and efficiently as possible
  • Excellent claims service
  • Companion Pollution Legal Liability (PLL) coverage may be available
Products & Capabilities
  • Designed for owners, developers or responsible parties
  • Coverage provides Named Insured with balance sheet protection for environmental clean-up activities
  • Supports additional work discovered during execution of the remediation
  • Helps control delays through quicker funding of unanticipated remediation expenses
  • Protects Named Insured from professional negligence of their consultants and contractors
  • First-Party Remediation Expense – The policy will indemnify the Named Insured for Remediation Expenses in excess of the Remediation Expense Forecast, subject to the applicable Co-Insurance Participation and Self-Insured Retention
  • Policy includes coverage for Remediation of Known Pollutants and also Newly Identified Pollutants
  • Protective Professional Indemnity – Contingent coverage that indemnifies the Named Insured for damages arising out of Wrongful Acts by the Named Insured's consultants, contractors or remediation design professionals
  • Defense costs for third-party claims arising out of Wrongful Acts by the Named Insured's consultants, contractors or remediation design professionals
This information is for descriptive purposes only and does not provide a complete summary of coverage. Consult the applicable policy for specific terms, conditions, limits, limitations and exclusions to coverage. Coverage is underwritten by a member company of the AXIS group of insurance companies. Coverage may not be available in all states and jurisdictions.