Environmental Liability
Storage Tank Liability
Storage Tank Liability insurance provides coverage for third party claims for bodily injury and property damage from pollution conditions from scheduled underground or aboveground storage tanks. Coverage extends to corrective actions and cleanup required by federal and state regulations resulting from such pollution conditions. The policy is also an efficient way for companies to fulfill federal and state storage tank financial responsibility requirements.
Common Features & Benefits
• Available to a wide range of classes including petroleum and motor fuel distribution fleet facilities, petroleum marketers, gasoline service stations and convenience store chains
• Premium starts at $500 and discounts are available for state-of-the-art technology
• A financially stable alternative to state funds
• Can be structured to meet government mandated financial responsibility requirements while conserving working capital
• Provides coverage for on-site and off-site third party bodily injury and third party property damage claims resulting from scheduled tanks
• Provides coverage for cleanup or corrective action due to releases from scheduled storage tanks
