Storage Tank Insurance Policy

This insurance covers the business owner against loss of or damage to storage tanks caused by unexpected bursting splitting rupture or collapse.

Storage tank insurance policy.

Tanksafe our fully automated internet based system has been specifically designed to make an otherwise complicated process both user friendly and efficient for when you need to secure commercial storage tank insurance. Through our insurance program for storage tanks we have been the leading writer of storage tank pollution insurance nationally for more than a decade. The policy also provides coverage for corrective action and cleanup as required by applicable federal and state regulation. List of known insurance providers for underground storage tank owners and operators july 2020 this booklet provides ust owners and operators with a list of insurance providers who may be able to help ust owners and operators comply with financial responsibility requirements by providing a suitable insurance mechanism.

The storage tank insurance provides coverage against sudden and unforeseen physical losses or damages to storage tanks primarily bulk storage tanks such as palm oil tanks or fuel oil tanks. The policy also provides coverage for corrective action and cleanup as required by applicable federal and state regulation. These tanks are susceptible to many forms of accident or extraneous damage which include impact damage bursting splitting rupture and collapse. Target clients auto motorcycle and rv dealers.

List of known insurance providers for underground storage tank owners and operators september 2019. The storage tank liability insurance policy provides coverage for third party bodily injury and property damage from pollution conditions emanating from scheduled underground and aboveground storage tanks. This booklet provides ust owners and operators with a. This type of policy can also offer coverage for bodily injuries that are sustained by third parties as well as property damage that results from issues with storage tanks either above or.

And tank owners mutual insurance company to acquire the toptanx and tomic book of pollution liability business in january 2018. The policy can. A storage tank liability insurance policy offers coverage for cleanup costs as a result of leaks and the pollution that these types of leaks can cause. Storage tank liability insurance tankguard.