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Underground Storage Tanks

Insurance coverage for Underground Storage Tanks is becoming increasingly difficult to secure, especially as many carriers are choosing not to renew policies due to the age and condition of tanks.

Under federal requirements, owners and operators of underground and aboveground storage tanks must demonstrate financial responsibility for corrective actions and third-party liability resulting from accidental releases. This includes bodily injury and property damage claims caused by leaks or spills.

Comprehensive Coverage From Prime Insurance Company

Prime Insurance Company offers a flexible and robust pollution liability solution for a wide range of tank exposures. Whether your insured operates a gas station, municipal fueling site, or agricultural facility, this program is designed to help you place hard-to-insure accounts with confidence.

Ideal Accounts and Target Classes

Prime is actively seeking risks across a variety of industries that own or operate aboveground or underground storage tanks. Target classes include:
• Gas stations
• Airports (aboveground or underground storage tanks)
• Trucking companies (with their own gas or diesel tanks)
• Governmental entities (municipalities, cities, or towns with fueling operations)
• Agricultural risks (farms with on-site fuel tanks)
• Heating oil distributors (with aboveground or underground tanks)
This program is ideal for insureds who need coverage to meet federal or state financial responsibility requirements, or who are facing non-renewals due to tank age.

Coverage Highlights and Features

Prime’s policy offers broad protection for pollution-related exposures, including:
• Sudden and accidental release coverage
• Non-sudden accidental release coverage
• Self-Insured Retention (SIR) options for third-party bodily injury/property damage—minimum $10K
• Bodily injury/property damage deductible applies to state-mandated corrective action
• Occurrence form available
*Please note: This coverage excludes prior, existing, or ongoing leakage or contamination. Coverage is suspended during tank modifications, repairs, or replacement. All tanks must comply with state and federal regulations regarding filling and maintenance.

Underwriting Notes

Prime underwrites each submission individually, offering a flexible and responsive approach to tank-related risks. While there is no stated minimum premium, the SIR and deductible structures are designed to address high-risk exposures with competitive terms.

Available Nationwide

This program is available in all 50 states plus Washington, DC. Whether your client is in a rural agricultural area or a densely populated urban market, Prime can help you find a solution.

Why Work With Prime Insurance Company?

As a specialty carrier, Prime Insurance Company has the experience and flexibility to handle complex environmental and pollution-related risks. Their responsive underwriting, broad appetite, and willingness to look at challenging risks make them a strong partner in this difficult class of business. You’ll benefit from direct access to underwriters and a streamlined quoting process—often with same-day turnaround.

You might have a client who owns a chain of gas stations and recently lost coverage due to aging tanks. Or a municipality that operates several fueling stations for its service vehicles. Prime can help you place these accounts when others won’t.

To get started, visit Prime Insurance Company's CompleteMarkets profile or request a quote directly through the Underground Storage Tanks program page.

Frequently Asked Questions

What types of accounts are a good fit for this program?

This program is ideal for gas stations, airports, trucking companies, municipalities, farms, and heating oil distributors with underground or aboveground storage tanks.

Can older tanks still qualify for coverage?

Yes, Prime considers older tanks, even when other carriers are non-renewing due to age. However, tanks must not have existing leakage or contamination and must meet regulatory compliance.

Is coverage available in my state?

Yes, this program is available in all 50 states and Washington, DC.

Does the policy include coverage for both sudden and gradual pollution events?

Yes, coverage is available for both sudden and non-sudden accidental releases, subject to terms and underwriting approval.

How quickly can I get a quote?

Prime offers same-day quoting in many cases. Submit a complete application and necessary tank information to expedite the process.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Carrier
  • Admitted:
    All Available States
  • Carriers:
  • Carrier Ratings:
    -
  • Commission:
    -
  • Min Premium:
    -

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CONTACT INFORMATION

LOCATION

One South Dearborn, Suite 800
Chicago, IL 60603
312-884-5813
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Prime Insurance Company has other insurance programs like Artisan Contractors.