Let the experts at PPIS Insurance Handle Your Storage Tank Liability Insurance!
A storage tank or combination of tanks, including pipes connected to the tank, is used for the storage of hazardous substances and that is above, substantially or totally beneath the surface of the ground. Up until the mid-1980s most underground storage tanks were made with bare steel, which is prone to corrode over time (30-50 years) and have possibility to leak its contents into the environment.
According to the Environmental Protection Agency (EPA), there are approximately 570,000 USTs nationwide that store petroleum or hazardous substances. The greatest potential threat from a leaking UST is contamination of groundwater, the source of drinking water for nearly half of all Americans. EPA works with its state, territorial, and tribal partners to prevent and clean up releases from UST systems.
PPIS Insurance is proud to offer storage tank liability insurance policies which provide coverage for third-party bodily injury and property damage from pollution conditions emanating from scheduled underground and above ground storage tanks.
The Policy also provides coverage for corrective action and cleanup as required by applicable federal and state regulation. The policy can be utilized to meet State and Federal storage tank financial responsibility requirement for underground and above ground storage tank owners and operators. Speak to one of our agents today for more details.