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This document provides a premium indication for insurance coverage under the AIG Environmental TankGuard® Program for Williamson County. It includes details about policy terms, covered storage tank systems, limits of liability, surcharges, and requirements for binding coverage. Notably, it outlines options for Terrorism Risk Insurance Act coverage and the necessary actions required from the applicant before binding the policy.
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The AIG Environmental TankGuard Program is designed to provide coverage for environmental liabilities associated with underground and aboveground storage tanks, helping businesses manage risks related to leaks and spills.
Entities that own or operate underground or aboveground storage tanks are required to file under the AIG Environmental TankGuard Program.
To fill out the AIG Environmental TankGuard Program, businesses must complete the application form, providing details about their storage tanks, including location, type, and capacity, as well as any past incidents.
The purpose of the AIG Environmental TankGuard Program is to protect businesses from financial losses due to environmental liabilities arising from storage tank failures and to ensure compliance with regulatory requirements.
Information that must be reported includes tank specifications, historical operation data, inspection records, and details of any past releases or spills from the tanks.
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