Storage Tank Liability - Underground Tanks

Ideal Accounts and Appetite

This program is an excellent fit for insureds that own or operate underground storage tanks, including:

• Gas stations and convenience stores
• Commercial fueling operations and truck stops
• Municipal fueling facilities, school districts and public works yards
• Fleet operators and contractors with on-site fueling

Typical accounts include small multi-site gas station chains, municipality fuel depots with older USTs, and commercial fleets that need regulatory financial responsibility. The program is geared toward scheduled tanks where corrective-action exposure and third-party liability are the primary concerns. Hard-to-place risks with prior releases or complex remediation histories may be considered but are evaluated on a case-by-case basis.

Coverage Highlights and Advantages

Continental Risk’s Storage Tank Liability program provides the core protections agents need to satisfy clients and regulators:

• Third-party bodily injury and property damage arising from incidents involving scheduled tanks
• Corrective action and remediation costs for covered events
• Financial responsibility certificates that can meet applicable federal and state requirements for scheduled tanks
• Available on admitted or non-admitted paper, depending on the state and placement needs

Policy features and service advantages include:

• Customizable limits and deductible structures to match account risk and regulatory obligations
• Clear policy language for defined terms such as “first named insured,” “additional insured,” and “remediation costs”
• Improved extended reporting period options to protect against late-discovered conditions
• Access to multiple carrier partners to improve placement opportunities

Underwriting Notes and Minimum Premiums

Continental Risk emphasizes fast, transparent underwriting. Provide a complete application and supporting tank records for quicker turnaround—quotes are typically returned rapidly, and policies with financial responsibility certificates can often be issued the same day.

Minimum premiums start at $350. Available limits generally range from $500,000 per occurrence / $1,000,000 aggregate up to $5,000,000 per occurrence / $5,000,000 aggregate, subject to underwriting and state requirements.

Territories and Availability

This Storage Tank Liability program is available in most U.S. states. Continental Risk places business on either admitted or non-admitted paper depending on state rules and carrier appetite. States currently available include: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, and WY.

Why Work With Continental Risk / Continental Marine Insurance Services?

As a wholesale broker with focused expertise in environmental and storage tank risks, Continental Risk offers agents market access, technical underwriting, and responsive service. Their team helps you structure limits and policy terms to meet regulatory obligations while keeping placement timelines short.

Example scenarios where this program can help:

• You represent a small chain of convenience stores that need financial responsibility certificates for multiple UST locations — Continental Risk can coordinate coverage and certificates across sites.
• You have a municipal client with aging tanks and a prior release; the program can evaluate remediation exposures and identify admitted or surplus options to close the placement.

Frequently Asked Questions

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