The Storage Tank Liability Insurance (TankGuard^®) policy provides coverage for third-party bodily injury and property damage from pollution conditions emanating from scheduled storage tanks. The policy also provides coverage for corrective action and cleanup as required by applicable federal and state regulations. This policy can be utilized to meet state and federal storage tank financial responsibility requirements for underground and aboveground storage tank owners and operators.

Coverage Highlights

1. Provides coverage for on- and off-site third-party bodily injury and third-party property damage claims resulting from pollution conditions emanating from scheduled tanks.
2. Provides coverage for corrective action due to releases from scheduled underground storage tanks.
3. For scheduled aboveground storage tanks, on- and off-site cleanup coverage is triggered by a governmental order.
4. Coverage for defense expenses up to 25% of the limit is covered outside the limits of liability and cleanup.
5. Automatic extended reporting period of 6 months.
6. Coverage for loading and unloading is available by endorsement.
7. Business Interruption coverage due to pollution conditions is available by endorsement.
8. Claims reporting as soon as possible.
9. Punitive damages insured where allowable by law.