Source: https://waste.zendesk.com/hc/en-us/articles/212350717-What-are-the-liability-financial-resource-requirements-for-sudden-and-nonsudden-accidental-occurrences-for-all-hazardous-waste-treatment-storage-and-disposal-facilities-TSDFs-
Timestamp: 2019-04-24 08:01:31+00:00

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What are the liability financial resource requirements for sudden and nonsudden accidental occurrences for all hazardous waste treatment, storage, and disposal facilities (TSDFs)?
Owners or operators of hazardous waste TSDFs must demonstrate financial responsibility for bodily injury and property damage to third parties caused by sudden accidental occurrences arising from the operation of the facility (§264.147(a) for permitted facilities and §265.147(a) for interim status facilities. A sudden accidental occurrence is an event that is not continuous or repeated, such as a fire or explosion (§264.141(g) and §265.141(g)) . The minimum financial requirements include at least $1 million per sudden accidental occurrence and an annual aggregate of at least $2 million (§264.147(a) and §265.147(a)).
The requirement to demonstrate financial responsibility for nonsudden accidental occurrences is limited to owners or operators of surface impoundments, landfills, land treatment facilities, or land disposal miscellaneous units (§264.147(b), §265.147(b) ). A nonsudden accidental occurrence is an event that takes place over time and involves continuous or repeated exposure to hazardous waste, such as a leaking surface impoundment that contaminates a drinking water source over time (§264.141(g) and §265.141(g) ). The minimum financial requirements include at least $3 million per nonsudden accidental occurrence and an annual aggregate of at least $6 million (§264.147(b) and §265.147(b) ).

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