Brownfield

{
  "id": "MLC-T-INS-000623",
  "term": "Brownfield",
  "field": "Insurance and risk management",
  "definition": "A property whose expansion, redevelopment or reuse is complicated by the presence or potential presence of a hazardous substance, pollutant or contaminant, such as a former factory, gas station or landfill. Redevelopers buy pollution legal liability or cleanup cost cap insurance to cover contamination found during or after a project. The federal definition comes from the 2002 Brownfields Revitalization Act, which gives owners who meet its conditions some protection from federal cleanup liability.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/brownfield/"
}