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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 and financial responsibility certificates issuance
  • Easy electronic account management
Coverage
  • Third-party bodily injury and property damage claims resulting from storage tank incidents involving scheduled storage tanks
  • Corrective action costs resulting from storage tank incidents involving scheduled storage tanks
  • Policy/Certificate satisfies federal and/or state requirements for financial responsibility (where applicable)
  • Written on admitted basis or non-admitted basis. Enhanced coverage terms and conditions:
    Coverage Territory
  • Definitions of “additional insured”, “first named insured” and “remediation costs”
Minimums & Limits
  • $350 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 and 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.
Forms/Applications

Useful Resources

Video
Environmental releases can happen unexpectedly

Steven Piatkowski, SVP, Chubb Environmental Risk