The Role of Insurance in Brownfields Redevelopment Brownfields sites come in a variety of sizes and contamination.
Many sites are smaller in size and involve limited contamination.
Other sites such as former steel mills involve many types of contamination spread over a very large area. Still, remediation and some type of indemnification continue to be required by a lender or potential buyer. Each stage can present a different potential regarding regulatory treatment and the availability of indemnification between transacting parties. The crux of the problem is finding a way to proceed with the cleanup of these sites while, at the same time, eliminating or limiting the present and future liability of the parties involved. Recently, however, new legislation has spurred reasonable standards for cleanup and future use of brownfields sites.