Brownfields

Brownfields redevelopment involves many stakeholders—property owners, developers, local, state and federal governments. The introduction of regulatory and financial incentives has assisted in shifting the redevelopment mind-set from ‘this site is too contaminated and the liability risks are too great’ to, ‘we can put this site back into productive re-use’.  

Due to the removal of some of the regulatory burdens and an introduction of cost certainty to some of the environmental liabilities typically associated with Brownfields redevelopment, many Brownfields previously thought too risky due to environmental uncertainty are now being revisted by the redevelopment community. Whether a redevelopment project is part of a state voluntary cleanup program, or contractually under an allocation of responsibilities and liabilities through a purchase and sales agreement, or a combination of both, environmental insurance programs are an important part of returning these properties to value producing assets for all stakeholders. 

Chartis offers Pollution Legal Liability Select^® environmental insurance policy to help protect interested parties against environmental liabilities resulting from pollution conditions. We also offer the Contractors Pollution Liability environmental insurance policy to contractors to help protect contractors from third-party liabilities for claims for bodily injury, property damage or clean up costs resulting from pollution conditions caused by the contractor’s operations.