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New storage tank program for small business

Victor Insurance Managers LLC on Tuesday announced the launch of an environmental liability and on-site cleanup insurance program designed to insure U.S. small businesses with underground and above-ground storage tanks against losses resulting from pollutant releases.

The storage tank liability program offers up to $5 million in limits for businesses in all U.S. states and Washington, D.C.

The program is available to brokers on a non-admitted basis through Victor’s professional liability for architects and engineers practice. Coverage is delivered through Victor’s proprietary V2 (V Squared) digital platform.

Developed in collaboration with Aspen Insurance Holdings Ltd., the coverage also can help storage tank owners comply with environmental regulations, Victor said.