When demonstrating proof of financial assurance, owners or operators can choose from a list of approved financial mechanisms that best meet their individual needs. The dollar amount of financial assurance required is tied to the current department approved closure cost estimate.
To support compliance with solid waste financial assurance requirements, we provide assistance to facility owners and operators, their consultants and provider companies.
Hazardous waste financial responsibility requirements exist to ensure that certain hazardous waste facilities and transporters have the financial resources available to provide for closure, postclosure and corrective action requirements and/or pay for bodily injury or property damage that might result from accidents, spills or other unexpected events, known as liabilities. These closure, postclosure, corrective action and liability requirements are called financial assurance.
When demonstrating proof of financial assurance/responsibility, owners or operators can choose from a list of approved financial mechanisms that best meet their individual needs. With few exceptions, DEP forms must be used.
Specific information (estimates, forms, provider companies, etc.) can be accessed from these links:
Several counties have agreements with DEP that are associated with financial assurance. In all cases, financial assurance mechanisms are held and reviewed by DEP staff in Tallahassee. Three counties (Orange, Escambia and Santa Rosa) have interagency agreements with DEP that allow for separate county cost estimates to be covered by the financial assurance mechanisms held by DEP. Three counties (Broward, Miami-Dade and Palm Beach) are delegated to provide permitting and other services for DEP; this includes reviewing and approving closure cost estimates.
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