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Financial Assurance for Closure/Post-Closure (Environmental) - North America
Casualty
AXA XL Insurance offers Closure/Post Closure coverage to help clients satisfy financial assurance requirements imposed by local, state and federal regulators. In many jurisdictions, an insurance product can be used to satisfy financial assurance.

To learn more, please visit Environmental Insurance

Product details

Capacity

Claims-made: USD 50 million

Coverage

Claims-made coverage when a regulatory body requires partial or final closure of a covered location

  • Closure costs
  • Post-closure cost
  • Corrective action costs
  • Reclamation costs

Client Profiles

  • Multinational companie
  • Large single-nationality companies
  • Upper middle market companies
  • Middle market companies
  • Public companies
  • Private companies

Typical Information Required

  • AXA application
  • Regulatory approved closure plan and cost estimate
  • Two years financial statements

Benefits & Services

  • Coverage customized to satisfy the specific financial assurance requirements for a client’s business
  • Integrated underwriting, risk consulting and claims handling
  • Professionals with average 15+ years environmental/insurance experience
  • Global solutions for multinational accounts
  • Specialized in-house risk control consultants and claims handling
  • Emergency response services available 24/7 for North America
  • 25+ years in specialized environmental insurance market

Information & Research

Find Out More About Environmental

  • Applications
  • Policy Forms
  • Industry Solutions
  • Risk Services

Attachment Point

Primary

Limits On Product

USD 50 million

Minimum Premium

USD 10,000

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

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