Remediation Stop Loss Solutions
Feb 24, 2021
We are excited to announce a re-launch of the environmental cost cap insurance product, and what we are now referring to as “Remediation Stop Loss” insurance. With increased demand for more cost certainty with regards to environmental remediation projects, Remediation Stop Loss insurance can act as a useful and necessary tool to shift some of the cost overrun risk to a third party.
Today with the implementation of improved underwriting guidelines, more advanced remedial technologies, and reasonable risk-based closure plan approvals by regulators, Remediation Stop Loss can be successfully underwritten.
CAC Specialty has worked with several primary Remediation Stop Loss carriers to improve policy language and develop more competitive pricing targets. We can also provide a non-binding indication with terms and conditions prior to engaging underwriters, saving time and possibly expense.