Underground & Above Ground Storage Tank Insurance
Specialized coverage for “hard to place” storage tank risks across 10 states
Why Choose CVI Insurance for Storage Tank Insurance?
🏆 Specialists in Hard-to-Place Risks
As a commercial insurance broker specializing in “hard to place” risks, CVI Insurance has the expertise and carrier relationships to secure coverage for even the most challenging storage tank exposures. We understand the unique regulatory landscape and help you navigate complex state and federal requirements.
Underground Storage Tank (UST) Insurance
Comprehensive pollution liability coverage for tanks storing petroleum and hazardous substances underground
Above Ground Storage Tank (AST) Insurance
Protection for above ground petroleum storage facilities with capacity requirements
Financial Responsibility Compliance
Policies that meet federal and state financial responsibility requirements
Our Coverage States & Typical Stored Commodities
California
Texas
North Dakota
Alaska
Wyoming
Nevada
Oklahoma
North Carolina
Pennsylvania
New Mexico
State Insurance & Bond Requirements
💰 Financial Responsibility Requirements
Federal Baseline: UST owners and operators must demonstrate financial responsibility for taking corrective action and compensating third parties for bodily injury and property damage caused by accidental releases.
🛡️ Pollution Abatement & Corrective Action Requirements
Federal Requirements (40 CFR 280 Subpart F):
- Initial Response: Report releases within 24 hours and take immediate abatement measures
- Site Characterization: Conduct soil and groundwater investigation
- Free Product Removal: Remove floating petroleum products
- Corrective Action Plan: Develop cleanup strategy for contaminated soil and groundwater
- Long-term Monitoring: Monitor groundwater and soil conditions during cleanup
Typical Cleanup Costs:
- Average Cleanup Cost: $154,000 per site
- Minor Releases: $10,000 – $50,000
- Major Contamination: $500,000 – $2 Million+
- Groundwater Remediation: Can extend cleanup timeline by years
State-Specific Abatement Requirements:
- California: Low-Threat UST Case Closure Policy for expedited closures
- Texas: Risk-Based Corrective Action (RBCA) approach
- Pennsylvania: Tank Installers’ Indemnification Program (TIIP) requirements
- All States: Must demonstrate financial capability for long-term remediation
Coverage We Provide
🚨 Sudden & Accidental Pollution
Coverage for unexpected pollution incidents including spills, overfills, and tank failures
⏱️ Gradual Pollution
Protection against slow leaks and contamination that occurs over time
🧹 Corrective Action Costs
Coverage for soil and groundwater cleanup, remediation, and monitoring
⚖️ Third-Party Liability
Bodily injury and property damage claims from contamination
🏛️ Regulatory Defense
Legal defense costs for regulatory proceedings and enforcement actions
📋 Financial Responsibility
Certificates that satisfy state and federal financial responsibility requirements
