There are currently 17,000 active storage tank systems in Canada storing petroleum and other hazardous substances. These tanks often leak due to corrosion, faulty installation or inadequate maintenance, oftentimes resulting in their contents contaminating surrounding soil and groundwater.
Authorities estimate that 15 percent of Canada’s storage tank systems are more than 20 years old with no leak detection, corrosion protection or structures to contain releases. Your clients need coverage to ensure they have readily available funds to assist them in the cleanup of a spill.
Storage Tank Coverage through Burns & Wilcox can provide access to coverage for first party clean up and third party property damage or bodily injury as well as defense limits in the event your clients are accused of contamination to a third party. Contact Burns & Wilcox to provide your clients with coverage for commercial storage tanks as well as policies for residential above ground storage tanks
Coverage Details and Features
- 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
(including but not limited to)
- 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.