Great American Insurance Group’s Environmental Division Launches TankAssure Program for Storage Tank Owners | Nation / World

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CINCINNATI – (BUSINESS WIRE) – January 13, 2022–

The Environmental Division of Great American Insurance Group is pleased to announce its new national program, TankAssure SM. TankAssure provides liability coverage for personal injury and property damage, as well as the costs of corrective measures resulting from a leak of the contents of the insured’s aboveground and underground storage tanks. The program is designed for many industries including, but not limited to: gas stations, municipalities, warehousing and logistics, aviation and agriculture.

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Getting a quote and linking a policy can be done in minutes using the specialty quote platform, which was created to provide brokers with a quick, efficient and convenient option to tie a policy. Through this listing platform, the ReservoirAssure The program provides storage tank owners with comprehensive coverage and can also be used to meet financial insurance requirements put in place by local, state, and federal government agencies.

“We are delighted to be able to offer a comprehensive liability insurance policy for storage tanks that offers much more than the minimum financial insurance requirements,” said Kirk Davenport, division vice president, Great American Environmental. “Our accepted policy is competitively priced and easily accessible to agents through our user-friendly online quote and link platform. “

The policy covers the Insured for bodily injury and property damage caused to third parties, as well as the costs of first party corrective measures. Coverage also includes emergency response costs; civil fines and penalties; and 100% additional defense up to $ 2,500,000.

Many resources have been created to assist brokers through the process of submitting a quote and hiring a TankAssure policy. With no obligation to submit documents before completing the online application, the Environment Division aims to provide fast and seamless binding. Additional benefits of the program include access to an experienced environmental claims processing unit and a nationwide network of emergency response companies, repair contractors and environmental lawyers.

Cover details

  • Liability limits up to $ 10 million
  • Minimum limits of $ 500,000
  • Policy term of one (1) year
  • Deductible options as low as $ 2,500
  • Product admitted in all 50 states
  • Online quotation tool available

Policies are underwritten by Great American Insurance Company, an insurer licensed in all 50 states and DC, 301 E. Fourth St., Cincinnati, OH. The coverage is summarized. Refer to the current policy for a full description of the applicable terms, conditions, limitations and exclusions. For full coverage highlights and more about TankAssure, please visit GAIG.com/TankAssure.

About Great American’sEnvironment Division

The Environmental Division of Great American Insurance Group offers a comprehensive portfolio of environmental insurance products to a wide range of industries. All products can be customized to meet specific customer risks and exposures.

About Great American Insurance Group

The roots of the Great American Insurance Group date back to 1872 with the founding of its flagship company, Great American Insurance Company. Headquartered in Cincinnati, Ohio, the activities of Great American Insurance Group are primarily engaged in property and casualty insurance, with a focus on specialist commercial products for businesses. Great American Insurance Company has received an “A” (Excellent) or better rating from AM Best Company for over 110 years (the most recent “A +” (Superior) rating was confirmed on December 3, 2021) . The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG.

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CONTACT: Environment Division Subscription contacts:

Kirk Davenport, Divisional Vice President, [email protected]

Ben Volin-Kelder, Senior Underwriter, [email protected] Great American Insurance Group Media Contact:

Diane P. Weidner

Vice President, Investor and Media Relations, American Financial Group

513-369-5713

[email protected] Websites

www.GAIG.com/TankAssure

www.GreatAmericanInsuranceGroup.com

www.AFGinc.com

KEYWORD: UNITED STATES NORTH AMERICA OHIO

INDUSTRY KEYWORD: FINANCE PROFESSIONAL SERVICES COMMERCIAL BUILDING AND REAL ESTATE CONSTRUCTION AND PROPERTY INSURANCE

SOURCE: Great American Insurance Group

Copyright Business Wire 2022.

PUB: 01/13/2022 11:00 a.m. / DISC: 01/13/2022 11:02 a.m.

http://www.businesswire.com/news/home/20220111005141/en

Copyright Business Wire 2022.

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