Intercorp, Inc. offers a specialized Storage Tank Liability Insurance program that helps your clients meet state and federal financial responsibility requirements for both underground and above-ground storage tank operations. Built for speed and flexibility, the program pairs fast underwriting turnaround with broad market access so you can place environmental liability risks efficiently and competitively.
Ideal Accounts and Target Classes
This program fits a wide range of commercial operations with tank exposures. Strong prospect classes include:
Typical fits are operations with routine fuel delivery and storage where tanks are maintained but regulatory financial responsibility must be evidenced quickly. Example scenarios you may see: a rural golf course with above-ground diesel tanks for maintenance equipment, or a multi-site convenience store chain needing UST coverage to satisfy state requirements.
Coverage Highlights and Advantages
Intercorp’s Storage Tank Liability program provides tailored coverage options to satisfy regulatory and commercial needs:
The program is structured to meet or exceed common regulatory benchmarks—most operations will need at least $1,000,000 in liability limits and Intercorp can place limits higher where required.
Quick Quotes and Underwriting Notes
We deliver lightning-fast quote turnaround. Submit a completed application and a full tank schedule (capacities, contents, age, piping and spill prevention details) and you can often receive a quote in minutes.
Underwriting is flexible to support small single-site operations and larger multi-site accounts. Minimum premiums and final terms vary by state, tank type, product stored, and loss history, but the program is designed to remain cost-effective for modest exposures.
Territories and Availability
Available nationwide — all 50 states plus Washington, DC. Intercorp can place accounts in admitted markets for UST exposures and in surplus/excess markets for AST or combination placements, giving you the market breadth needed to match state requirements and client tolerances.
Why Work With Intercorp, Inc.?
Intercorp is a wholesale broker with deep niche expertise in environmental and tank liability risks. Agents and brokers benefit from:
- Responsive underwriting and fast turnaround on quotes
- Access to both admitted and non-admitted markets to fit a variety of regulatory and program needs
- Competitive pricing and broad coverage forms, including terrorism coverage at no extra cost
- Decades of experience placing environmental and tank liability business
Whether you need an admitted UST placement to satisfy state financial responsibility laws or a surplus lines solution for above-ground exposures, Intercorp’s team can help you find an appropriate market and get the policy bound quickly.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for businesses that operate underground or above-ground storage tanks, including convenience stores, marinas, hospitals with backup generators, golf courses, and contractors with heavy machinery.
Is this coverage available nationwide?
Yes, the Storage Tank Liability program is available in all 50 states and Washington, DC.
How quickly can I get a quote for my client?
Quotes can typically be provided within minutes once a completed application and full tank schedule are submitted.
Are both admitted and non-admitted carriers used?
Yes. UST policies are written through admitted markets, while AST and combination AST/UST policies are placed in the surplus and excess lines market.
What is the minimum premium for this program?
Minimum premiums vary by account, but policies start as low as $350 depending on coverage and underwriting details.
Need help placing an account? Connect with a market specialist.