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Contaminated land remediation - managing risk through insurance

By: Contributor(s): Series: Land Contamination & Reclamation ; 9(2) 2001, 242-246(5)Publication details: 2001Subject(s): Summary: Considers how the remediation of contaminated land, whilst a potentially lucrative market, can expose consultants, contractors and landowners to a variety of financial and statutory risks. Traditionally developers and landowners have relied on provisions such as collateral warranties or latent defects policies which have not always been comprehensive. Looks at the introduction of a variety of flexible policies, such as 'Contractors pollution liability policies' (CPL) which specifically providealternative risk management solutions.

Considers how the remediation of contaminated land, whilst a potentially lucrative market, can expose consultants, contractors and landowners to a variety of financial and statutory risks. Traditionally developers and landowners have relied on provisions such as collateral warranties or latent defects policies which have not always been comprehensive. Looks at the introduction of a variety of flexible policies, such as 'Contractors pollution liability policies' (CPL) which specifically providealternative risk management solutions.