Skip to content

Prime Insurance Agency Blog

All You Ever Wanted to Know About Insurance

What Type of Insurance for Brownfields Development Sites?

Before we can discuss the necessary insurance coverage for Brownfields, let’s clarify what these sites are.

Brownfields development sites generally are unsightly abandoned, unoccupied or underused industrial and business property that has not expanded due to genuine or supposed pollution or contamination.

RELATED: vacant land insurance claim examples

Contamination may have occurred at the time substances once thought to be harmless and lawfully permissible were released into the soil but presently are believed to be toxic.

Over time, a growing amount of safe materials have been designated as hazardous. These include gasoline that contains lead, as well as radon, rendering numerous long-standing sites contaminated.

RELATED: NJ Department of Health recommends homeowners check for radon

Mortgage companies, financiers and commercial corporate owners often let taxes on their brownfield sites to go unpaid with the intent of letting local municipality eventually taking control of the properties. As a result, various states have created legislature that permits a specific extent of contaminants to linger following a property cleanup. Related bylaws focus on the requirement for those involved to reinstate the site to functional use whilst shielding them from liability risks.

Property owners and managers, as well as property sellers can purchase an associated insurance package with coverage that will protect them from the following:

  • Remediation Stop Loss
  • Remaining Contaminants after the Cleanup
  • 3rd-party liability
  • Cleanup Business’s Environmental Harm Liability
  • Uninterrupted Tasks as a Continuing Business

To discuss related insurance and the variety of available limits, please call the experts at Prime.

PRIME Insurance is a three-generation family-run independent agency. We’re proud to partner with many of the leading underwriters – recognized companies like ACE, AmTRUST, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and more. This gives us the ability to provide all forms of nationwide coverage and bonds at competitively lowest quotes. Visit us on our online insurance website or email us at PRIME [at] primeins [dot] com or call us at 732-886-5751 and HAVE A PRIME DAY™!

Summary: Prime Insurance explains insurance for the Brownfields development site in this quick synopsis.



There are no comments yet.

Leave a Comment

Required fields are marked with


Your name, comment, and URL will appear on this page after it has been reviewed and approved. Your email address will not be published.