Storage tank liability provides legal defense for third-party claims made against the tank owner. Because a policy/certificate satisfies federal and state requirements for financial responsibility, and in many cases, is required to conduct business.
Coverage Options
- Cleanup costs at a tank owner’s facility due to releases from scheduled tanks on the policy
- Coverage is provided for third-party bodily injury and property damage claims emanating from scheduled tanks on the policy
- Coverage is offered by carriers rated “A” or better
- Product enhancements include: admitted paper for underground storage tanks, loading/unloading coverage, and adding new facilities to existing policies midterm
Target Classes
- Gas stations, convenience stores, schools, golf courses, car dealerships, and airports
- Tank owners and operators needing evidence of financial responsibility
- Tank owners/operators not satisfied with the protection provided by state funds
