Remediation Cost Cap
Insurance
Remediation Cost Cap Insurance is also known as Stop Loss
cover.
Cost Cap insurance is designed to minimise the uncertainty
associated with clean up projects by providing the extra funds to
complete the works in the event of a cost overrun resulting from
the discovery of additional contamination or under performance of
the remedial technology for example.
It is often combined with a 'wrap up' cover to protect against
pollution liabilities associated with the actual clean up
operations and the long term effectiveness of the completed
scheme.