Pollution Liability Insurance
Construction phase and Long-Term Pollution Liability Insurance Contracts – heavily contaminated regeneration site with chromium VI contamination
Handled legal negotiations and drafting of key amendments to Policy documents for long term Pollution Liability Insurance and shorter-term Construction Phase Liability Insurance for Clyde Gateway Developments,owner-developer of large site in south-east Glasgow heavily contaminated by hexavalent chromium and with connection to adjacent river and subjacent groundwater systems. The service delivered to the client included:
- review of broker market review and comparative analysis of several insurers’ proposals;
- assessment of the insurers’ proposals against liability risks needing covered;
- detailed revision of clauses in standard Policy wording which could dilute cover; and
- negotiation of final wording in Policies and justification of client position to insurers.
Major London regeneration project pollution liability insurance contracts and ‘insurance project’ management
Acted for the property development and investment arm of one of the world’s leading international companies [identity confidential] in leading and co-ordinating a team of insurance brokers, insurers, environmental engineers and client project management to prepare from scratch a bespoke pollution liability strategy for a heavily contaminated site in east London surrounded by river systems and underlying groundwater systems. Objective to provide an institutionally acceptable package of pollution liability policies over thirteen phases of combined residential, commercial and leisure development to cover all short term and long terms risk scenarios from commencement of deep piling into residually contaminated soils and groundwater through to completion of all phases of development completion and to cover longer term risks and legislative changes (including Brexit). The ‘A – Z’ service included:
- organisation of complete advance due diligence/information pack for insurers;
- tender documentation for London market insurers;
- legal justification document for reduced risk profile and minimisation of premium;
- advance preliminary negotiations with different insurers on policy wording;
- drafting policy wording and negotiation of completed policies with insurers, with specific focus on revision of insurers’ standard defined terms to ensure desired cover not compromised