Protection for storage tank system releases

Victor’s storage tank liability program offers specialized coverage for third-party bodily injury and property damage resulting from pollutant releases from both underground and above-ground tanks. Additionally, the policy includes coverage for cleanup costs associated with any releases from a storage tank system.

Availability: In all 50 states and D.C.

Limit: Up to $5M

Minimum premium: $500

Target market:

• Service stations, independent fuel companies, bulk plants and farming
• Construction companies, trucking companies and commercial tenants
• Private airports, marinas and municipalities
• Convenience stores, gas bars, auto dealerships, auto repair facilities, and car rental agencies
• Multiple unit residential building owners.

Coverage:

• Coverage available for single-location/single tank and multi-location/multi-storage tanks
• Storage tank systems –bodily injury or property damage
• Storage tank systems – clean-up cost or corrective action
• On-site clean-up
• First party clean-up for pollution incidents not related to a storage tank system (optional coverage part for eligible business classes)

Policy features:

• Claims-made and reported policy form
• Defense costs outside the limits of liability
• Retroactive coverage
• Deductibles up to $25,000 available
• Coverage for storage tanks located in the U.S.

Service:

• Fast and easy online payment portal available for agency billed policies
• Ability to get Financial Ability Form with issuance of policy
• Ability to quote online with V²