Flexible Pollution Liability Coverage

Jenna Contreras , 4/2/2019

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Tel: (312) 884-5813 | Email: [email protected] | Website: www.primeis.com

Prime Insurance’s Pollution Liability policy offers broad, flexible, and comprehensive pollution liability insurance for owners and operators of various risk on a claims-made policy form.

Our Pollution Liability is designed to respond to environmental liabilities resulting from pollution incidents at, under, or emanating from your property. Under federal requirements, owners and operators must demonstrate financial responsibility for taking corrective action and for compensating third parties for bodily injury and property damage caused by accidental releases arising from the operation of aboveground or underground storage tanks. Nowadays, carriers are non-renewing due to the age of the tanks.

OUR PROGRAM IS GEARED TOWARD THE FOLLOWING:

•	Gas stations
•	Airports with their aboveground or underground storage tanks
•	Trucking companies with their own gas or diesel underground/aboveground tanks
•	Governmental entities such as municipality, city, or town with their own gas/diesel
•	Agricultural Risk with aboveground or underground storage tanks
•	Heating oil distributors with aboveground or underground storage tanks

Program features

1.	Our Pollution Liability coverage provides third-party BI & PD resulting from storage tank incidents involving scheduled storage tanks
2.	Corrective action cost resulting from storage tanks
	•	Deductible BI/PD applies to state mandated corrective action
3.	Policy/Certificate to satisfy federal and/or state requirements for financial responsibility
4.	Coverage available in all states except NJ
5.	COVERAGE IS SUSPENDED DURING REPAIRS, MODIFICATIONS OR REPLACEMENT OF TANKS OR RELATED SYSTEMS. *Prime must be notified prior to repairs, modification or replacement of tanks or related systems.
States that follow the federal requirements 40 CFR 280 are as follows:
•	Per Accident - amount of insurance coverage
•	Annual Aggregate maximum amount of coverage that is required to cover on an annual basis no matter how many releases occur
•	All policies are quoted on a claims-made basis
•	Limits up to $1,000,000/$2,000,000

LIMITS

Limits vary from state to state as each state will either have their own requirement or federal requirement.

COVERAGE INCLUDES

•	SIR – BI/PD for Third Party Liability (Minimum Deductible and/or SIR $10,000 depending on the state.)
•	Sudden Accidental Release
•	Non-Sudden Accidental Release

COVERAGE EXCLUDES

•	Any prior, existing and ongoing leakage or contamination
•	Coverage Excludes temporarily not in use or empty tanks – They must be sand/concrete filled or removed in accordance with state or federal requirements.

Get customized underground storage tanks insurance, today!

Tel: (312) 884-5813 | Email: [email protected] | Website: www.primeis.com

Prime Insurance Company
303 West Madison Street, Chicago, IL 60606
tel: (312) 884-5813 fax: 801-233-5301
www.primeis.com

For more information please visit our Underground Storage Tanks Storefront

Categories: Pollution Liability Coverage


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