TankOwners Pollution Liability

Mid-Continent Group (MCG), completed an asset purchase of PRO Managing General Agents, Inc. and Tank Owners Mutual Insurance Company, to acquire the TopTanx ® and TOMIC book of pollution liability business in January 2018. Upon purchase, Mid-Continent performed an in-depth assessment of the TopTanx ® , TOMIC, and MCG books of tankowner pollution liability. To integrate all coverage forms and provide the best product available, Mid-Continent created a new TankOwners Pollution (TOP) liability policy. 

Effective January 2019, the TopTanx ®, TOMIC, and MCG books of business will be merged into one, and the new TankOwners Pollution Liability policy will be offered to all our policyholders.    

Highlights of TOP Pollution Liability Coverage:

• Claims-made policy
• Limits up to $1 million per pollution incident and $2 million annual aggregate
• Both UST (underground storage tanks) and AST (above-ground storage tanks) are eligible, including waste oil tanks
• Eligible tanks: 0-44 years old
• Updated/upgraded tanks may be eligible for credits

  • Upgraded tanks include new linings, self-contained systems, co-structural updates and/or new piping and ancillary systems

• Coverage is tank specific, not location, meaning specified tanks are insured at a scheduled location (facility)
• Retroactive dates will be location (facility) specific
• Deductible options: $5,000, $10,000, $25,000
• Deductible will be location (facility) specific
• Optional coverage for repair or replacement of tanks, subject to a $25,000 limit, is available (a covered pollution incident must occur to activate this option)
• Extended reporting periods of 1, 2, or 3 years are available