The following Environment guidance note Produced in partnership with Duncan Spencer of EDIA Ltd provides comprehensive and up to date legal information covering:
Development of brownfield or redeveloped land has the potential to increase the value of a client’s property. However, the client may face the following liabilities:
unidentified pollution conditions present at the site
unknown ongoing impact to third parties beyond the boundary of the site
exacerbation (such as by piling activities of contractors) of existing pollution within the site, and
introduction of new pollution at the site
Some clients may be willing to accept this risk, however others and stakeholders (including funders, future tenants and neighbours) may require insurance to be purchased.
For more on environmental insurance generally, please see Practice Notes:
Environmental insurance—when is it needed?
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