Financial Assurance for Closure/Post-Closure - Environmental

• Product details
  Product details

  Capacity

  Claims-made: USD 50 million

  Coverage

  Claims-made coverage when a regulatory body requires partial or final closure of a covered location
  – Closure costs
  – Post-closure costs
  – Corrective action costs
  – Reclamation costs

  Client Profiles

  – Multinational companies
  – Large single-nationality companies
  – Upper middle market companies
  – Middle market companies
  – Public companies
  – Private companies

  Typical Information Required

  – XL Group application
  – Regulatory approved closure plan and cost estimate
  – Two years financial statements

  Benefits & Services

  – Coverage customized to satisfy the specific financial assurance requirements for a client’s business
  – Integrated underwriting, risk consulting and claims handling
  – Professionals with average 15+ years environmental/insurance experience
  – Global solutions for multinational accounts
  – Specialized in-house risk control consultants and claims handling
  – Emergency response services available 24/7 for North America
  – 25+ years in specialized environmental insurance market

  Attachment Point

  Primary

  Limits On Product

  USD 50 million

  Minimum Premium

  USD 10,000

Downloads

Industries

• Aircraft & Aircraft Component Manufacturers
• Healthcare & Life Sciences
• Consumer Goods and Services
• Energy
• Food and Drink
• Industrial Materials, Goods and Services

Disclaimer
This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Products are subject to legal and underwriting requirements. Coverages may not be available in all jurisdictions, including without limitation any jurisdiction within the United States, and may be available only through appropriately licensed producers. In addition, XL GAPS’s provision of publications or services is not an indication of the existence or availability under any policy of coverage for any particular property or type of loss or damage. Policies underwritten from Bermuda are only available through non US-based brokers. The Insurance companies of XL Group plc are: Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company, XL Select Insurance Company, XL Insurance Company of New York Inc., XL Insurance (Bermuda) Ltd, XL Insurance Company Limited, XL Insurance Switzerland Ltd, XL Insurance (China) Company Limited, XL Insurance Argentina SA Compañia de Seguros and XL Insurance Mexico SA de CV. Coverages placed with Lloyd’s Syndicate #1209 are managed by XL London Market Ltd and supported by XL corporate members at Lloyd’s. Additional important information regarding our business is provided on our Legal Notices page.