Environmental insurance—remediation and development projects
Produced in partnership with Duncan Spencer of EDIA Ltd
Environmental insurance—remediation and development projects

The following Environment guidance note Produced in partnership with Duncan Spencer of EDIA Ltd provides comprehensive and up to date legal information covering:

  • Environmental insurance—remediation and development projects
  • The need for environmental insurance
  • The phasing of a development
  • Applicable insurance products
  • Application of insurance to the phasing of the development
  • What is not insured?
  • Information requirements

The need for environmental insurance

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:

  1. unidentified pollution conditions present at the site

  2. unknown ongoing impact to third parties beyond the boundary of the site

  3. exacerbation (such as by piling activities of contractors) of existing pollution within the site, and

  4. 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:

  1. Environmental insurance—when is it needed?