When operating or owning a storage tank, it is important that the tank is maintained and checked routinely. If the tank is leaking or becomes damaged, the spilled gas or oil can contaminate the neighboring area. This could result in the storage tank owner being held liable for costly clean-ups and third-party damages. These situations are not covered by standard General Liability policies and require specific coverage.
Storage Tank Coverage through Burns & Wilcox builds on general liability policies to provide coverage specific to the unique environmental needs of operating or owning a storage tank. As a leading provider of excess and specialty insurance, Burns & Wilcox can provide intelligent insurance solutions to cover your clients from environmental exposures that may cause damage to their storage systems resulting in financial strain.
Coverage Details and Features
- Up to $10M in limits
- Minimum premium of $1,000
- Sudden & Accidental & Gradual Coverage available
- Onsite & offsite clean-up costs
- Onsite & offsite third party BI and PD
- Responsible insured clause
- 60 days’ notice of cancellation
- Restoration costs
- Natural resource damages
- Emergency response costs
- Multiple tank and multiple sites discounts
- Service Stations
- Card Lock
- Bulk Terminals
- Transloading Facilities
- Mobile Fuel Tanks
- Residential Property Managers
- Construction Companies
Ask an Expert
At Burns & Wilcox our expertise becomes your expertise. Our marketing materials are designed to help you give your clients what they want to hear – yes to almost any hard-to-place-risk.