Environmental & Pollution Liability

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Environmental Cleanup & Liability Insurance for Storage Tanks

ENCON’s Environmental Cleanup and Liability Insurance for Storage Tanks insurance policy provides coverage for third party bodily injury and property damage resulting from Pollution Conditions from a storage tank system. The policy also extends coverage for cleanup costs resulting from a release from a storage tank system.

Eligibility

Coverage is available for owners or operators of above ground or underground storage tanks, including the following:

  • Service stations, independent fuel companies, bulk plants, farming
  • Construction companies, trucking companies, commercial tenants
  • Private airports, marinas, municipalities
  • Convenience stores, gas bars, auto dealerships, car rental agencies
  • Multiple unit residential building owners

Coverage Details

  • Policy Form – Claims-made and reported
  • Policy Period – Annual policies; Multi-year policies
  • Capacity – Limits up to $10,000,000 each incident/aggregate
  • Standard Deductible – $5,000
  • Minimum premium – Contact an underwriter
  • Territory – Coverage for storage tanks located in Canada

Policy Features

  • On-site and off-site cleanup for releases from above ground and underground tanks (full limit for on-site cleanup)
  • Deductible does not apply to Supplementary Payments
  • Civil fines, penalties or assessments
  • Automatic extended reporting period of 90 days
  • The definition of cleanup costs includes restoration costs
  • Supplementary Payments do not reduce the limit of liability (certain conditions apply)
  • Coverage for cleanup costs is triggered by discovery of a confirmed release from a storage tank system

Submission Requirements