Philadelphia's Storage Tank Environmental Policy (STEP)
UCPM Environmental Insurance offers the Storage Tank Environmental Policy (STEP) through Philadelphia Insurance Companies to help agents and brokers place pollution liability coverage for storage tank exposures. This specialized policy is designed to protect insureds against claims arising from the confirmed release of contaminants from both aboveground and underground storage tanks. Coverage includes bodily injury, property damage, and remediation expenses stemming from environmental pollution incidents.
The STEP program can also fulfill federal and state storage tank financial responsibility requirements, making it a valuable solution for tank owners and operators needing compliance coverage. Whether your client operates a gas station, commercial facility, or industrial site with tanks in use, this program offers tailored protection backed by an A++ rated carrier.
How to Get a Quote
Get an Instant Online Quote
or
Send a completed storage tank application to [email protected]
Program Information
Coverage Limits
Minimum limit of $1M, with options available up to $2M
Premium
Minimum premium starts at $300 per tank
Deductible
Minimum deductible of $5,000; options available up to $25,000
Eligible Tank Age
Underground tanks must be 30 years old or less
Aboveground tanks must be 40 years old or less
Carrier
Tokio Marine Specialty Insurance Company (A.M. Best Rating A++ XV) – Non-Admitted
Ideal Accounts and Appetite
This program is ideal for insureds that own or operate regulated storage tanks and are seeking pollution liability protection. Common risks include:
- Gas stations and convenience stores
- Commercial fleet fueling facilities
- Manufacturing or industrial sites with chemical or fuel storage
- Municipalities, school districts, and utility providers
You might have a client who owns a small fleet fueling site or an auto dealership with underground tanks — this program offers a fast and competitive option for meeting regulatory obligations and insuring against costly environmental exposures.
Availability and Market Access
UCPM offers access to more than 25 markets for environmental risks, with availability for this program in nearly all U.S. states including CA, TX, FL, NY, PA, and others. Some admitted markets are available; however, coverage is typically placed on a non-admitted basis through Tokio Marine Specialty.
Why Work with UCPM
As a leading wholesale broker specializing in environmental insurance, UCPM brings deep market knowledge and long-standing carrier relationships to help agents place complex pollution liability risks. With 25+ environmental markets and fast online quoting capabilities, UCPM simplifies the process of securing coverage for aboveground and underground storage tanks. Their underwriting team is responsive, knowledgeable, and ready to help you succeed in placing environmental risks.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Accounts with regulated underground or aboveground storage tanks, such as gas stations, commercial fuel depots, and municipal facilities, are ideal candidates.
Can this policy satisfy state or federal financial responsibility requirements?
Yes, the STEP policy can be used to meet financial responsibility requirements for storage tank owners and operators.
What is the minimum premium for this program?
The minimum premium starts at $300 per tank, depending on underwriting factors such as tank age and location.
Are both aboveground and underground tanks eligible?
Yes, provided underground tanks are 30 years old or less and aboveground tanks are 40 years old or less.
Is coverage available in my state?
Coverage is available in most states across the U.S. Check with UCPM for specific state eligibility and market availability.
Need help placing an account? Connect with a market specialist.