Environmental Insurance Q: Why do I need to purchase storage tank liability?
• Gas Station: A motorist collided with fuel pump causing piping to be disrupted and fuel to be released. A claim of $35,000 was incurred for necessary soil remediation. • Fuel Oil Distributor: Corrosion in an aboveground storage tank caused a leak resulting in soil and groundwater contamination. Cost to remediate was $270,000. • Manufacturer: A diesel fuel tank system’s piping released a substantial amount of fuel into soil and groundwater that eventually migrated to a nearby stream. Subsequent soil and groundwater remediation costs of $600,000 were incurred.
Related Questions
- My trucking company insists that I purchase my physical damage and non-trucking liability truck insurance through their in-house insurance program. Can they force me to do this?
- Does the EPA or state require tank owners to purchase other insurance if they are covered by the PRCF?
- Environmental Insurance Q: Why do I need to purchase storage tank liability?
