Storage Tank Environmental Policy (STEP)

We offer Admitted and Non-Admitted insurance coverage for above-ground and underground storage tanks. Admitted coverage is currently available in 26 states.

Admitted coverage is offered in the following states:

AL, AZ, AR, DE, IL, IN, IA, KS, ME, MA, MI, MN, MT, NV, NM, NY, NC, ND, OR, PA, SC, TN, TX, UT, WI, WY

Additional states will be added soon.

The PHLY Difference

Philadelphia Insurance Companies (PHLY) offers a broad portfolio of Environmental liability coverage, including coverage for above-ground and underground storage tanks (USTs).

Our Storage Tank Environmental Policy (STEP) protects insureds from claims for Bodily Injury and Property Damage and from remediation expenses associated with confirmed contaminant release from both above-ground and underground storage tanks.

Our Storage Tank Pollution insurance policy meets the federal requirements, where applicable, for tank owners and operators to demonstrate their financial responsibility for taking corrective action and for compensating third parties for Bodily Injury and Property Damage.

In addition, all PHLY Environmental coverage is:

Rated (A++ XV) Superior by AM Best and (A+) by S&P
Serviced by experienced underwriters & claims professionals in 11 regional offices

PHLY Storage Tank Coverage Details

Highlights of PHLY's Storage Tank Environmental Policy include:

Coverage that meets EPA Financial Assurance requirements, where applicable
Remediation coverage for corrective action on- and off-site
Third-Party Bodily Injury and Property Damage coverage
Defense Expense, outside policy limits
Image Restoration
Emergency Expense
Primary and Noncontributory language standard
180-day automatic extended reporting period granted, to comply with financial assurance requirement

Coverage & Capacity

Admitted Basis: Up to $5M per occurrence/$5M aggregate

Surplus Lines: Up to $15M per occurrence/$15M aggregate

Product Contact

Jamie Langes, Vice President

Jamie.Langes@phly.com

For new business inquiries, please call 855.585.6322 or submit a STEP application

Retail Agents: Contact your local marketing representative/account associate from our list of regional offices.

Brochure - Storage Tank Environmental Policy (STEP) internalLink

Target Classes

The target classes for storage tank insurance are:

Underground Storage Tanks
Above Ground Storage Tanks

Unacceptable Classes

Unacceptable classes for Storage Tank liability insurance include:

Residential tanks
Septic tanks and wastewater or stormwater collection systems
Process tanks or oil water separators
Inoperative or not-in-service tanks
Portable tanks
Tank contents consisting of placarded hazardous materials or wastes including, but not limited to, anhydrous ammonia (NH3) or chlorine dioxide
Tanks greater than 100,000 gallons in capacity

The following exposures are offered only on a Surplus Lines/Non-Admitted basis:

Storage tank portfolios greater than 100 tanks (regardless of above-ground or underground status)
Single-walled (steel or fiberglass) tanks 25 years of age or older
Double-walled (steel or fiberglass) tanks greater than 30 years old
Double-walled (steel or fiberglass) tanks 30 years of age or older

All Surplus Lines/Non-Admitted offerings are fully subject to E&S Lines Due Diligence requirements for receiving a quote on Non-Admitted/Surplus Lines paper.

Claims Scenarios

Click below to read about scenarios where Storage Tank Pollution liability insurance came into play:

Claim Scenario - Storage Tank Environmental Policy (STEP)internalLink

Applications

If you're ready to apply for Storage Tank liability insurance, please follow the link below and select state-specific forms when applicable.

Application - Storage Tank Environmental Policy (STEP)internalLink

Documents Required for Proposal

Completed and signed Storage Tank application or competitor's application
Currently valued insurance company loss runs for the current policy period and two years prior
Recent tank tightness testing for any underground storage tank
Complete tank inventory schedule including location, tank size, tank construction, contents, piping construction, and monitoring system

Additional Resources

UST Finder is a map of underground storage tanks across the U.S. maintained by the EPA, the agency responsible for underground storage tank regulations. The agency also offers steps for investigating, reporting, and cleaning up a leaking underground storage tank.
An EPA booklet, "Musts for USTs," (last updated in 2015), and a contact list for state-specific underground storage tank headquarters.
The American Petroleum Institute's (API) standards for oil storage tanks, education programs, and a database of WorkSafe Certificate Verifications.

Risk Management Services

Keep costs down by choosing industry specific Safety Programs. We'll show you how to implement Client Training Services and Risk Management Reporting that get results.

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