Storage Tank Liability Insurance Policy (TankSafe)

The Chubb Storage Tank Liability Insurance Policy (TankSafe) is designed to offer protection against sudden and gradual first and third party environmental liabilities arising from a storage tank at a covered location.

TankSafe offers a tailored solution to meet the specific needs of facilities with on-site storage tanks.

Coverage Highlights

Benefits

  • Tailored policy covering pollution incidents emanating from storage tanks
  • Coverage for sudden, accidental and gradual pollution
  • Policy can be underwritten from the application form and supporting information only
  • Automatic coverage for natural resources damage (biodiversity)
  • Damage to third-party property including diminishment in value

Coverage

  • Liability for third party bodily injury & property damage
  • Indemnity for clean-up costs incurred by the insured in relation to a storage tank incident
  • Legal defence expenses incurred in relation to a covered incident
  • Coverage for fines and penalties against an insured company
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See how Chubb can help you get covered against potential risks.