Environmental Liability Insurance Collaboration

Tanknology will offer compliance testing, more to Berkley clients

Published in CSP Daily News

AUSTIN, Texas -- Tanknology Inc. and Berkley Environmental, a division of Berkley Specialty Underwriting Managers LLC, have announced a collaboration in the environmental liability insurance market, which will make environmental compliance and site risk management more affordable than ever for underground storage tank (UST) owners.

In this new program, Tanknology will offer its comprehensive suite of compliance testing and related services at exclusive discounted rates to current and prospective Berkley clients.

"This collaboration is ground breaking for the [UST] environmental liability insurance industry. We will be providing a great benefit to our clients by giving them access to exclusive discounted rates for Tanknolology's wide range of UST site environmental compliance services," said Heather Rehm-Stelter, assistant vice president and product line manager for Berkley's TankAdvantage pollution liability program.

"As the industry leader in UST compliance, Tanknology will provide Berkley clients with exceptional protection from the risks of a leak and the resulting environmental damage. We're excited to be able to bring this added value to our clients."

Allen Porter, president and CEO of Tanknology said, "We are pleased to be collaborating with Berkley in this innovative program for UST operators. Berkley is a recognized leader in the environmental liability market, which perfectly complements our industry leading compliance testing and site inspection services."

He added, "The effects of an environmental release is often financially devastating to a UST site operator, so the combination of Tanknology's testing and inspection services coupled with Berkley's environmental insurance programs provide an operator with an unprecedented level of asset protection and liability reduction at an extraordinary value."

The new program is available to Berkeley clients nationwide, effective immediately.

Based in Austin, Texas, Tanknology operates across America and around the world, providing UST environmental compliance testing, Class C and Stage II operator training programs, as well as tank cleaning and related site inspection services at more than 50,000 sites per year, for more than 3,000 customers. Internationally, Tanknology licensees span 30 countries, providing services to the largest petroleum retailers in the world.

Berkley Specialty Underwriting Managers is a leading underwriter of specialty insurance and part of the W.R. Berkley Corp. Founded in 1967, W.R. Berkley is an insurance holding company that is among the largest commercial lines writers in the United States and operates in five segments of the property casualty insurance business: specialty insurance, regional property casualty insurance, alternative markets, reinsurance and international.

Keywords: 
petroleum