PartnerOne Tank Source
Download an application (PDF)
Download a product information sheet (PDF)
What is PartnerOne Tank Source?
- The Storage Tank Liability policy provides coverage for cleanup costs at a tank owner's facility due to releases from scheduled tanks on the policy. Coverage is also provided for third party bodily injury and property damage claims emanating from scheduled tanks on the policy. Policies are written on a claims made basis.
- PartnerOne Tank Source coverage is offered by carriers rated "A" or better.
- Available product enhancements include: Admitted paper for underground storage tanks, Loading/Unloading coverage, and adding new facilities to existing policies midterm.
Why is PartnerOne Tank Source important?
- Because PartnerOne Package is rated, quoted, bound, and issued via Beacon Hill's in-house PartnerOne Environmental program department, enabling us to offer fast turnarounds and excellent service.
- Because it provides legal defense for third party claims made against the tank owner. Because a policy/certificate satisfies federal and state requirements for financial responsibility, and in many cases, is required to conduct business.
Who is the Target Customer for PartnerOne Tank Source?
- Gas stations, convenience stores, schools, golf courses, car dealerships, and airports.
- Tank owners and operators needing evidence of financial responsibility.
- Tank owners/operators not satisfied with the protection provided by state funds.
Cost
- Minimum premium starting at $350; deductibles start at $2,500.
- Limits of liability start at $500,000 /$1,000,000.
How do I apply for a PartnerOne Tank Source indication?
- Follow the above link for an application, then complete and return to your Regional Account Executive along with any supporting underwriting information.
- Please note coverage will be on a non-admitted basis. E&S taxes will apply.