PHLY’s partnership with UCPM helps us expand our Environmental program in a way that enhances our current offerings
Bala Cynwyd, PA (PRWEB) July 21, 2016
Philadelphia Insurance Companies is partnering with UCPM, Inc., a leader in the environmental insurance industry, to offer storage tank pollution liability coverage. The new Storage Tank Environmental Policy (STEP) protects policyholders from claims for bodily injury, property damage, and remediation expenses associated with the confirmed release of contaminants into the environment from above-ground or underground storage tanks.
Under federal requirements, owners and operators of storage tanks must demonstrate financial responsibility for taking corrective action and for compensating third parties for bodily injury and property damage caused by accidental releases arising from mainly underground storage tanks and in some jurisdictions above ground storage tanks. This includes releases that may occur from other components associated with the tank, such as piping, spill containment devices, and dispensing equipment.
“PHLY’s partnership with UCPM helps us expand our Environmental program in a way that enhances our current offerings,” commented Jon Peeples, Vice President of Underwriting in PHLY’s Environmental division. "We think our agents will find this program valuable and easy to navigate.”
“UCPM’s specialized experience in the environmental insurance market combined with PHLY’s environmental underwriting expertise and financial strength, makes this a mutually beneficial partnership for both companies as well as our agents and brokers,” added UCPM President, Tim Clegg.
Highlights of the STEP program include a minimum premium of $300, limits up to $1M per/$2M aggregate, and an easy-to-use, online application. Agents can receive a bindable quote and detailed coverage analysis instantly upon completion of the online application.
For more information on the Storage Tank Environmental Policy, please contact Scott Cascaes, Vice President of UCPM, at 480-682-1552.
About Philadelphia Insurance
Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. In operation since 1962, the Company, whose commercial lines insurance subsidiaries are rated “A++” (Superior) by A.M. Best Company and “A+” for counterparty credit and financial strength by Standard & Poor’s, is nationally recognized as a member of Ward's Top 50, National Underwriter’s Top 100, and one of the Top 150 Workplaces in America. Policies are underwritten by Philadelphia Indemnity Insurance Company, admitted in all US states and D.C., except Louisiana and Tokio Marine Specialty Insurance Company, a surplus lines insurer admitted in Delaware for surplus lines and authorized in all other US states and D.C. The organization has more than 50 offices strategically located across the United States to provide superior service. For more information, please visit http://www.PHLY.com.
For over 20 years, UCPM, Inc. has been helping retail insurance agencies across the country meet the environmental needs of their clients. UCPM provides the expertise, market representation, leverage, technology, and service which allows our partner agents to successfully meet their client’s environmental liability insurance needs. To learn more visit http://www.ucpm.com.