Covering aboveground and underground storage tanks -- 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.
Coverage Highlights
Benefits
- Simple online application process
- Real-time rating and formal quote generation
- Instant policy issuance
- Easy electronic account management
- Coverage available for loading and unloading.
- Compliant with lender requirements for small businesses.
Coverage
- Third-party bodily injury and property damage claims resulting from storage tank incidents involving scheduled storage tanks
- Reemdiation costs resulting from storage tank incidents involving scheduled storage tanks
- Definitions of “additional insured”, “first named insured” and “remediation costs”
Minimums & Limits
- $750 minimum premium
- Limits from $500,000 per/$1 million aggregate to $5 million per/$5M aggregate
Target Clients
- Airports
- Auto dealerships
- Commercial/Industrial facilities
- Manufacturing plants
- Municipalities
- Hospitals
- Schools, colleges, universities
Restricted Industries
- Underground Storage Tanks installed more than thirty (30) years ago
- Aboveground Storage Tanks with capacities greater than 49,999 gallons are ineligible for the web-based system.
- Please contact your regional Chubb contact for assistance.
