Prepared for the buyer
For Bluefield Cwm and Phurnacite Limited
Bluefield sits on the policy as First Named Insured, with cover across both the Cwm and Phurnacite lands from the date of contract exchange. The policy is designed to stand behind the acquisition: it responds to pollution conditions that emerge at or migrate from the sites, and it can be extended to a funder where a written contract requires it.
Your position on the policy
- First Named Insured
- Bluefield Cwm and Phurnacite Limited
- Registered address
- Ty-To-Maen Farm, Newton Road, Rumney, Cardiff, CF3 2EJ
- Additional insureds
- To be confirmed — blanket where required by written contract; scheduled lender
- Insured contracts
- Final SPA scheduled to the policy (E-SPL-130)
- Other insurance
- The policy will be primary and non-contributory
- Policy period
- Options of 5 and 10 years, incepting on date of contract exchange (to be confirmed)
What the policy covers
Coverage sections as granted in the quotation. Pollution legal liability coverages include legal costs.
| Section | Coverage | Status |
|---|---|---|
| A1.1 | Insured Sites — pollution legal liability | Applies |
| A1.2 | Transportation | Applies |
| A1.3 | Waste Disposal | Applies |
| A1.4 | Your Work | Not granted |
| A2.1 | Clean-Up Costs (first party) | Applies |
| A2.2 | Emergency Costs | Applies |
| A2.3 | Crisis Management Costs | Applies — £250,000 sublimit |
- Third-party pollution legal liability arising from the insured sites, from transportation, and from waste disposal.
- First-party clean-up costs, emergency costs and crisis management costs, the last subject to a £250,000 aggregate sublimit.
- Cover for pollution arising from a cyber act is affirmed rather than excluded (E-SPL-108).
- Your Work liability is not granted under this quotation.
Retroactive and delineation dates
No retroactive date applies to the liability sections or to clean-up costs, so historic conditions are not cut off by date — they are instead addressed by the disclosed-pollution exclusions on the terms page.
| Coverage section | Retroactive date | Delineation date |
|---|---|---|
| A1.1 Insured Sites | None | None |
| A1.2 Transportation | None | None |
| A1.3 Waste Disposal | None | None |
| A1.4 Your Work | Coverage not granted | — |
| A2.1 Clean-Up Costs | None | None |
| A2.2 Emergency Costs | Policy Inception Date | None |
| A2.3 Crisis Management Costs | Policy Inception Date | None |
Aggregate limits apply to the whole policy period and are not reinstated. Split policy period: 5 years for new pollution, 10 years for pre-existing pollution.
Premium options
Premiums are for 100% of the risk and include 20% brokerage.
| Option | Term | Each incident | Aggregate | Deductible | Premium |
|---|---|---|---|---|---|
| 1 | 5 years | £5,000,000 | £5,000,000 | £100,000 | £106,000 |
| 2 | 5 years | £10,000,000 | £10,000,000 | £100,000 | £163,100 |
| 3 | 10 years | £5,000,000 | £5,000,000 | £100,000 | £187,600 |
| 4 | 10 years | £10,000,000 | £10,000,000 | £100,000 | £250,000 |
- Insurance Premium Tax of 12% on the 100% gross premium is payable in addition.
- Premium payment terms: 60 days from inception; LSW3001 Premium Payment Clause.
- Settlement due date: 60 days from contract exchange (to be confirmed).
- Minimum earned premium: 100% on the Policy Inception Date.
Adding CPL as a Named Insured costs a further 25% of the Insured Site 1 premium — see the CPL page for those figures.
Points to settle before binding
- Confirm the inception and expiry dates against the contract exchange date.
- Confirm whether the lender is to be scheduled as an additional insured, and on what basis.
- Confirm the limit and term option, and whether CPL is to be added.
- Complete the Mosaic proposal form and finalise the disclosed documents schedule.