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
- TankSafe Policy Form
- TankSafe Policy Application PF-31408c - applies to admitted policies in the following states: AR, CA, CO, CT, DC, IL, IN, IA, LA, MD, MA, MI, MN, MS, MO, NE, NJ, NM, NY, ND, OH, RI, SC, TN, TX, UT, VT, WA, WI
- TankSafe Policy Application PF-31594c (Represents Only) – applies to admitted policies in the following states: AK, AL, AZ, DE, FL, GA, HI, ID, KS, KY, ME, MT, NC, NH, NV, OR, PA, SD, VA, WV, WY]
- TankSafe Policy Application PF-31618b (Represents Only) – OK
Useful Resources
Seeking insurance for an underground or aboveground storage tank?
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