Specialty Tanks

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Class A Certification

11.1   Per Occurrence & Annual Aggregate

 

Owners and operators with a net worth of $20,000,000 or more, must demonstrate financial responsibility of $1,000,000 per occurrence.

 

Owners and operators with a net worth of less than $20,000,000 the per occurrence amount is $500,000 for tanks that have a throughput each month less than or equal to 10,000 gallons per month (GPM), or $1,000,000 for tanks with a throughput greater than 10,000 GPM.

 

Owners and operators must demonstrate financial responsibility of $1,000,000 for the annual aggregate coverage if they own one hundred (100) or less tanks.   If they own more than 100 tanks the annual aggregate coverage increases to $2,000,000.