ASBG wrote to the DECC suggesting the use of insurance policies as an alternative to Bank Guarantees (BG) for covering Financial Assurances. Two models were offered: a hybrid where both BG and insurance policy work together and a stand alone insurance policy. The letter addresses the DECC's concerns in relation to insurance products such as, immediate access to moneys for emergency clean up, ability to deal with insolvencies, legal challenges and control over the clean up. See More....
 Financial Assurance - Use of Insurance Policies | 52 kB |
