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Industry Leader Since
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Serving Customers In
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Why Choose Our Storage Tank Insurance?

  • Regulatory Compliance: Stay up-to-date and compliant with the latest environmental regulations and safety standards. Our policies are crafted to meet or exceed local, state, and federal requirements, ensuring that your business avoids costly fines and legal issues.
  • Customized Solutions: Every storage facility is unique. Our experts work with you to identify specific risks associated with your storage tanks and tailor a policy that fits your needs perfectly.
  • Rapid Response Claims Service: In the event of an incident, our dedicated claims team is ready to support you swiftly and efficiently, minimizing downtime and financial impact.

Key Coverage Areas of Storage Tank Insurance

Storage Tank Insurance is designed to address the specific risks associated with storing and handling materials in tanks, whether above ground or below. Here are the key coverage areas typically included in Storage Tank Insurance:

Pollution Liability

Provides coverage for pollution incidents caused by storage tank operations, including:

  • Cleanup and remediation of contaminated soil and water.
  • Third-party bodily injury and property damage caused by pollution from your tanks.

Storage Tank Liability

Provides coverage for:

  • Cleanup costs associated with leaks or spills from your tanks.
  • Third-party bodily injury and property damage claims arising from incidents involving your tanks.

Property Damage

Protection against claims of property damage resulting from storage tank incidents, covering:

  • Repair and Replacement Costs
  • Diminished Property Value
  • Legal Defense Costs

Business Interruption

Compensates for lost income and additional expenses incurred if your business operations are interrupted due to a covered storage tank incident, such as:

  • Lost Revenue
  • Extra Expenses for Temporary Operations
  • Ongoing Fixed Costs

Inventory Coverage

Protects the contents stored within your tanks in case of damage caused by a covered peril.

Frequently Asked Questions

What types of tanks are eligible for Storage Tank Insurance?

Our Storage Tank Insurance policies cover a wide range of tank types, including aboveground and underground storage tanks, fuel oil tanks, chemical storage tanks, and other specialty tanks. We provide solutions tailored to the specific industry and usage to ensure comprehensive coverage.

How do I know if my tanks meet the eligibility criteria for insurance coverage?

During our initial consultation, we will assess your tanks based on several factors including their contents, age, construction material, maintenance history, and compliance with current environmental regulations. This evaluation helps us determine eligibility and tailor your insurance coverage.

What should I do in the event of a spill or leak?

Immediately contact our 24/7 claims service to report the incident. Prompt reporting is crucial for effective response and minimizing environmental impact. Our team will guide you through the necessary steps for mitigating damage and starting the claims process.

Does Storage Tank Insurance cover old or previously repaired tanks?

Yes, we do offer coverage options for older tanks and those that have undergone repairs. Coverage specifics may vary based on the condition and history of the tanks, and additional inspections might be required to tailor your policy appropriately.

How are premiums for Storage Tank Insurance calculated?

Premiums are calculated based on several factors, including the type and number of tanks, their capacities, the substances they store, their location, and the level of risk associated with their operation. Our team provides transparent pricing based on a thorough risk assessment.

Are there additional measures I can take to reduce my insurance premiums?

Yes, implementing enhanced safety measures and regular maintenance can help reduce your premiums. We recommend adopting industry best practices for tank management, conducting regular inspections, and installing leak detection systems to lower risk levels and potentially decrease your insurance costs.

STORAGE TANK QUICK QUOTE APPLICATION

Contact Name(Required)


UST/AST
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2
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4
5
 
Install Date
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2
3
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5
 
Capacity (gal.)
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5
 
Tank Construction
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Overfill/ Spill Protection
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5
 
Tank Leak Detection
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2
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4
5
 
AST Diking & Base Construction
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2
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4
5
 
Piping Construction Material
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2
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5
 
Piping Leak Detection
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5
 


CONTENTS
A. Unleaded Gasoline
B. Gasohol
C. Diesel
D. Kerosene
E. Waste Oil/ Used Oil
F. Fuel Oil
G. Generic Gasoline
H. Pesticide
I. Ammonia compound
J. Chlorine compound
K. Haz. Substance (CERCLA)
L. Mineral Acids
M. Grades 5&6 bunker 'C' oils
N. Petroleum-base additive(E85) O. Misc.
petroleum-base P. Heating Oil
Q. Other, please indentify
TANK CONSTRUCTION
A. Steel
B. Fiberglass
C. FRP Clad Steel
D. Concrete
E. Polyethylene
F. Other EPA/DEP Approved G. Cathodic Protection Sacrificial Anode
H. Cathodic Protection - Impressed Current
I. Double Walled(DW) - Single Material
J. Double Walled (DW)- Dual Material
K. (DW)Synthetic Liner in Tank Construction
L. (DW)Pipeless UST with Secondary Containment
M. Internal Lining STI. STI-P3
OVERFILL/SPILL PROTECTION
A. Ball Check Valve
B. Spill Containment Bucket
C. Flow Shut-off
D. Tight Fill
E. Level Gauges, High Level Alarms
F. Other EPA/DEP Approved Protection Method
PIPING CONTRUCTION MATERIAL
A. Steel
B. Fiberglass
C. Double walled
D. Approved Synthetic Material
E. Other EPA/DEP Approved Piping Material
F. External Protective Coating G. C/P with sacrificial anode or impressed current
PIPING LEAK DETECTION
Piping Leak Detection A. Electronic Line Leak Detector with Flow Shutoff
B. Interstitial Monitoring – Piping Filter
C. External Monitoring
D. Mechanical Line Leak Detector
E. Interstitial Monitoring of double wall piping
F. Suction Pump Check Valve
TANK LEAK DETECTION
A. Groundwater Monitoring Wells
B. Interstitial Monitoring
C. Vapor Monitoring Wells
D. Visual Inspections of AST Systems
E. Other EPA/DEP Approved
F. SPCC Plan - AST
G. Interstitial Space -Double Walled Tank H. Manual Tank Gauging - UST
I. Statistical Inventory Reconciliation - (SIR)(USTs)
J. Automatic Tank Gauging System (USTs)
K. Interstitial Monitoring of AST tank bottom
L. Annual Tightness Test with Inventory - double wall piping (USTs)
AST DIKING & BASE CONSTRUCTION
A. Concrete, Synthetic Material, clays
B. Other EPA/DEP approved secondary containment system
C. Dirt/Earth


1. Do you operate any tanks not registered with the state and are subject to registration under the Natural Resources Conservation Commission?
2. Are there any tanks within 10 miles from any coast?
3. Any hazardous, toxic or regulated substances stored at any site for which this application for insurance is being made other than Gasoline, Diesel, Motor Oil or Kerosene?
4. Do you have more than 2 years of owning or operating UST exposures?
5. Have there been or are there any fines, penalties or legal actions currently pending against you including State, Federal or any other compliance order an any pollution incident?
6. Are all tanks listed in this application in compliance with regulations set forth by the United States EPA and any state agency?
7. Has any officer, owner or partner of the company been convicted of a felony?
8. Are you aware of any circumstances which could give rise to a pollution incident?
9. Have you had any insurance for third-party pollution liability declined, cancelled or non-renewed?
10. Do you have any tanks that were not previously insured, excluding newly installed tanks?
11. Do you own or operate Skid Tanks?
12. Are there, or will there be, any tanks in which you will not be the owner or operator?
13. Do you own or operate any Bulk Storage Tanks?
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