Owners and developers of brownfield properties need assurance that they will meet their obligations to maintain institutional and engineering controls (IC/ECs) over known contamination left in place. These “continuing obligations” often last in perpetuity. Terradex can provide that assurance. Our exclusive loss control services support NAESIP’s Site Pollution Liability (SPL) coverage for owners and developers of brownfield properties subject to IC/ECs. Combining Terradex loss control with NAESIP risk financing services can result in surprisingly low premiums by reducing the costs of underwriting and the likelihood of a claim.
Terradex embraces that the value of its LandWatch services as a loss control service for SPL coverage can be validated in the marketplace. The value can be measured in economic terms through premium reduction, or measured by additional comfort for sellers and buyers of brownfields as claim occurrence is reduced and compliance satisfied. Please download an overview of Terradex’s Brownfield Loss Control Services.