Why Choose Brownfields Insurance?
Environmental insurance is a tool available on the private market that can help control the risks associated with buying and cleaning up contaminated properties. For many large brownfield projects in Wisconsin, developers, responsible parties (RPs) and local government have purchased environmental insurance to control the financial risks associated with the project. However, the WBIP is offered as an option for medium-to-small sized brownfield projects which weren’t being served by the traditional insurance market. The WBIP advantages are: • lower-cost premiums; • pre-negotiated policy terms to meet the needs of most Wisconsin brownfield transactions; • time savings to negotiate policy terms; and • streamlined underwriting process.
