EPA Urges UST Owners to Get Insured

October 25, 2021

(Courtesy of NACS)

There are many companies that will still insure a 30+ year-old tank.

ALEXANDRIA, Va.—The U.S. Environment Protection Agency (EPA) is encouraging owners of underground storage tanks (USTs) that are 30 years or older to obtain insurance in order to satisfy the EPA’s financial responsibility requirements.

The EPA’s financial responsibility requirement states that UST owners and operators must pay the costs of cleaning up leaks from USTs and compensate third parties for bodily injury or property damage resulting from leaks, and the UST financial responsibility regulation allows UST owners and operators to choose from a variety of financial mechanisms to comply with the regulation. One of the financial mechanisms is the use of insurance.

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