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.