The ECI program is flexible to
respond to a wide variety of REMEDIATION projects.
It can be tailored to the specific requirements
of the contractor and project owner:
• The
policy can be issued with either the project owner
or the contractor as the Named Insured.
• Phases
of a large project, a complete project or multiple
projects can be insured under one policy.
• Indemnification
is provided for cleanup costs exceeding the contracted
amount up to twice the project "contract sum".
Increased limits are available for specific cases.
• The policy period is for
twice the estimated project duration or five years,
whichever comes first.
• The contractor's
unit cost rate schedule that will apply is negotiated
prior to the start of the project
• The "REMEDIATION contract" is
endorsed and made a part of the policy. Specimen
wording is available. |