Reinsurance News

Ironshore Environmental offers storage tank policy through online portal

13th February 2019 - Author: Matt Sheehan

Ironshore Environmental, the environmental re/insurance unit of Bermuda-domiciled holding company Ironshore Inc., has announced that it has made its stand-alone storage tank policy accessible to brokers through an online Quote & Bind Portal.

storage-tank-pollutionThe policy addresses first and third-party liability in response to releases from an array of underground and aboveground storage tanks at locations such as airports, hospitals, fuel terminals, and schools, amongst others.

Ironshore claimed that the online portal will provide a platform from which brokers can easily quote and bind coverage, as well as access additional data options that avoid the chore of manual entry.

“Ironshore Environmental is recognized as a market leader for hard to place environmental risks and now the Storage Tank Policy broadens our ability to expand coverage throughout this specialty sector,” said Toby Smith, President of Ironshore Environmental.

“With this product offering and our online portal, businesses with storage tank exposures can quickly and easily secure reliable coverage through one carrier, backed by Liberty Mutual and Ironshore expertise and financial security,” he continued.

The insurer offers available limits from $500,000 to $50 million on the storage tank policy, which also has enhanced third-party injury and property damage coverages to protect against risks such as National Resource Damages and Medical Monitoring.

Ironshore is a Liberty Mutual company that provides broker-sourced specialty property and casualty insurance through its platforms in Australia, Bermuda, Canada, Ireland, Singapore, the U.S and the UK.

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