Specialized Storage Tank Liability Solutions from Transportation Risk Services
Transportation Risk Services (TRS) offers a Storage Tank Liability Insurance program tailored for a wide range of commercial, industrial, and institutional clients. Designed specifically for agents and brokers looking to place environmental exposures tied to storage tanks, this program offers critical protection and compliance support for businesses with scheduled aboveground or underground tanks.
Whether you’re working with a manufacturing facility, a public institution, or a commercial fleet operator, TRS provides access to markets that understand the environmental and regulatory risks your insureds face. With both admitted and non-admitted options available, and enhanced terms for many accounts, our program is flexible and competitive across most U.S. states.
Ideal Accounts and Appetite
This program is best suited for clients with scheduled storage tanks used in operations such as:
- Airports and aviation fueling facilities
- Auto dealerships and fleet operators
- Commercial or industrial facilities
- Manufacturing and processing plants
- Municipalities and public works departments
- Hospitals and healthcare campuses
- Schools, colleges, and universities
For example, you might have a school district with multiple aboveground fuel tanks across its transportation hubs, or a municipality with aging underground tanks requiring financial responsibility certification—both are ideal fits for this program.
Coverage Highlights and Advantages
- Third-party bodily injury and property damage liability
- Corrective action and cleanup costs related to scheduled tanks
- Meets federal/state financial responsibility requirements (where applicable)
- Flexible coverage terms, including extended reporting period and tailored definitions
- Limits ranging from $500,000 per occurrence to $5 million aggregate
Coverage is available on both admitted and non-admitted paper depending on the state and risk profile, providing options for a variety of client needs.
Underwriting Notes and Minimum Premiums
The minimum premium for this program is $350. Risks are underwritten on a case-by-case basis, with special consideration given to tank age, size, construction, and maintenance history. TRS cannot place risks involving underground tanks installed more than 30 years ago or aboveground tanks exceeding 49,999 gallons in capacity.
Territories and Availability
This program is available in most U.S. states, including AL, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, 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 Transportation Risk Services?
Transportation Risk Services (TRS) is a leading transportation-focused Managing General Agency and E&S broker with national reach. Based in Barrington, Illinois, TRS brings deep expertise in auto-related and environmental risks, offering tailored solutions through its network of program and broking facilities. With a commitment to responsive service and flexible underwriting, TRS helps independent agents and brokers succeed in placing complex transportation and environmental risks, including storage tank liability exposures.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for businesses and institutions with scheduled aboveground or underground storage tanks, such as airports, auto dealerships, manufacturing plants, schools, and municipalities.
Are both aboveground and underground tanks eligible?
Yes, both types are eligible, provided they meet underwriting criteria. However, underground tanks older than 30 years and aboveground tanks larger than 49,999 gallons are restricted.
Does the policy meet regulatory financial responsibility requirements?
Yes, the policy or certificate can satisfy federal and/or state financial responsibility regulations where applicable.
Is this coverage available on an admitted basis?
TRS offers coverage on both admitted and non-admitted paper, depending on the state and the specific risk profile.
What is the minimum premium for this program?
The minimum premium starts at $350, with final pricing based on risk characteristics and coverage limits.
Need help placing an account? Connect with a market specialist.