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ACE TankSafe®

Learn more about this innovative internet-based system.
Visit www.acegroup.com/us/acetanksafe.

 

The enhanced ACE TankSafe® is a fully-automated internet-based system for commercial underground and aboveground storage tank insurance. It is designed specifically to make an otherwise painstaking process both easy and efficient, from submission through policy and financial responsibility certificate issuance. It combines aboveground and underground coverage in a single policy and is provided on an admitted basis. For ACE TankSafe clients, customized storage tank risk control services are available through ACE’s ESIS Health, Safety and Environmental Services, including Spill Prevention Control and Countermeasures (SPCC) Plans and underground storage tank management systems.

Benefits:

  • Simple online application process
  • Real-time rating and formal quote generation
  • Instant policy and financial responsibility certificates issuance
  • Easy electronic account management

Coverage:

  • Third-party bodily injury and property damage claims resulting from storage tank incidents involving scheduled storage tanks
  • Corrective action costs resulting from storage tank incidents involving scheduled storage tanks
  • Policy/Certificate satisfies federal and/or state requirements for financial responsibility (where applicable)
  • Written on admitted basis or non-admitted basis. Enhanced coverage terms and conditions:
      • Coverage Territory
      • Definitions of “additional insured”, “first named insured” and “remediation costs”

Minimums & Limits

  • $350 minimum premium
  • Limits from $500,000 per/$1 million aggregate to $5 million per/$5M aggregate

Target Client

Target Clients:

  • Airports
  • Auto Dealerships
  • Commercial/Industrial Facilities
  • Manufacturing Plants
  • Municipalities
  • Hospitals
  • Schools, Colleges, Universities

 

Restricted Industries:

  • Underground Storage Tanks installed more than thirty (30) years ago and Aboveground Storage Tanks with capacities greater than 49,999 gallons are ineligible for the web-based system. Please contact your regional ACE contact for assistance.

 

Forms / Applications