Storage Tank Program
Storage tank policies are commonly used by commercial businesses to fulfill federal and state financial responsibility requirements. These policies are designed to cover corrective action costs (aka cleanup costs) and third-party damages that arise as a result of pollution conditions emanating from scheduled underground storage tanks (USTs) and aboveground storage tanks (ASTs).
We have a knowledgeable team of specialists focused on placing storage tank coverage who work with a suite of carriers to help retail agents address their clients’ insurance needs and financial responsibility requirements. Our online storage tank program offers agents efficient placement for most storage tank accounts.
Underground & Aboveground Storage Tank Liability
Storage tank liability coverage is designed to pay on behalf of the insured for bodily injury, property damage, clean-up costs and defense expenses resulting from a pollution incident allegedly caused by a scheduled storage tank.
Dealer & Repair
Dealer & Repair is a site pollution liability policy tailored for this industry. It pays on behalf of the insured for bodily injury, property damage, clean-up costs and defense expenses from a pollution incident at the covered location or from a scheduled storage tank.
Placing coverage with UCPM
We work with a suite of carriers to place storage tank liability that offers:
Coverage available in all 50 states
Coverage meeting EPA ﬁnancial assurance requirements
Remediation coverage for corrective action on and oﬀsite
Third-party bodily injury and property damage
We do our best to provide a solution for your clients;
however, there are several risks that underwriters consider to be high risk:
- Underground storage tanks 30 years and older
- Empty or out-of-service storage tanks
- Storage tanks pending removal
- Storage tanks/facilities that have current remediation
- Storage tanks in Arizona that do not have a current retroactive date