Storage Tank Insurance
Do your clients who own or operate underground storage tanks (UST) for fuel or hazardous materials think they are protected by their oil companies or the EPA Super Fund? They aren’t, and you can help them realize the full legal and financial risks and responsibilities associated with Underground Storage Tank Pollution Liability.
Owners and operators are not only liable for bodily and property damage; they also have a financial responsibility under Resource Conservation and Recovery Act (RCRA) to cover corrective actions that might be needed after an event that impacts the environment.
If a manufacturer’s UST leaks into the soil or water and causes contamination, the operator is responsible for environmental clean-up and monitoring.
Many of your customers will fit the profile for our Above & Underground Storage Tank pollution liability program.
Some qualifying classes include:
• Gas stations
• Universities
• Golf courses
• Car dealerships
• Hospitals
• Hotels
Each policy is different and each will have different coverages offered. However, most policies will offer typical coverages.
Most coverages offered are:
• Third-party bodily injury
• Property damage claims
• Spills occurring during loading and unloading of tanks
• Releases from scheduled UST systems
• Costs of corrective action
Our policy coverages are:
• Property damage claims
• Third-party bodily injuries
• Releases from scheduled UST systems
• Spills occurring during loading and unloading of tanks
• Costs of corrective action
• Gas stations
Please note: An EIL policy for clients who own or operate a underground storage tank, is highly recommended in addition to UST coverage, since a UST policy only responds to corrective actions under RCRA.
We understand the exposure your client faces on a daily basis, that’s why we have created an affordable and effective program to protect your client from claims.
If your client is an Above and/or Underground Storage Tank owner and in need of coverage to, then our program is right for them, we offer a wide range of environmental coverages that can help you find your client the right EIL policy.
Give us a call today to speak to one of our experts or send us an email!
-
Provider Type:
Excess & Surplus Lines Broker