PARLLPollution and Remediation Legal Liability (insurance)
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These programs combine a fund, paid into by the client, with a layer of true insurance - the PARLL policy.
Vuono noted that after the remediation is completed, the PARLL policy can also be transferred to the new site owner to ensure that future claims arising from an incomplete cleanup or other unknown conditions are covered.
The PARLL policy offers several benefits to the purchaser or developer of a brownfield.