What is covered ?
Costs of any necessary remediation works or possible third party claims, together with legal fees and costs. Customers are eligible for the insurance when Remedios certifies that a site conforms to environmental legislative standards
Who needs contaminated land insurance cover?
The short answer is anyone involved in a land deal:
1. Sellers - to optimise price by removing perceived risk prior to sale
2. Buyers - to minimise potential future liability
3. Funders - to minimise risk to the value of the secured asset
4. Landlords - to protect against future liability through tenant's use
5. Tenants - to protect against costs during, or at the end of, lease
6. Owner-occupiers - to protect against costs arising from contamination and/or Local Authority Part IIa implementation and, for
businesses, to remove a balance sheet liability provision for potential contamination.
Why this insurance ?
1. Underpinning by the highest quality expertise and technology
Because it is underpinned by the highest quality of scientific and technical advice and technology in the UK from Remedios this insurance package is a superior product without the majority of exclusions normally found in similar products.
2. Backing by leaders in the environmental insurance industry
Because of the additional security and reduction in risk granted by the experience of our insurers and by Remedios’s expertise and technology, this insurance is very competitively priced for the cover offered.
3. Quick and easy to obtain
Remedios use their technology to carry out a rapid and accurate site assessment. As soon as they can show that your site complies with current legislation they activate their
