What does Response Action mean? Read on to discover the definition & meaning of the term Response Action - to help you better understand the language used in insurance policies.
(1) Generic term for actions taken in response to actual or potential health-threatening environmental events such as spills, sudden releases, and asbestos abatement/management problems. (2) An action authorized by the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) involving either a short-term removal action or a long-term removal response. This may include but is not limited to removing hazardous materials from a site to an Environmental Protection Agency (EPA)-approved hazardous waste facility for treatment; containing or treating the waste on-site; identifying and removing the sources of groundwater contamination; and halting further migration of contaminants. (3) Any of the following actions taken in school buildings in response to the Asbestos Hazard Emergency Response Act (AHERA) to reduce the risk of exposure to asbestos removal, encapsulation, enclosure, repair, and operations and maintenance.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
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