UST Owners and Operators – Check Your Financials Reply

Per Massachusetts Underground Storage Tank (UST) regulations found at 310 CMR 80.52: All Owners or Operators of UST systems shall maintain and demonstrate financial responsibility for taking corrective action and for compensating third parties for bodily injury and property damage caused by accidental releases arising from the operation of UST systems.

Many Owners and Operators use commercial insurance. However, the regulation requires the coverage to be in the form of a separate policy or an endorsement to an existing policy. Any endorsement must include very specific language included in the regulation.

Why does this matter?

In accordance with 310 CMR 80.49(7), third party inspectors are required to verify that financial responsibility is current and documented. However, the date of the third party inspection is not the best time to be seeking the proper documentation; a better time is now! A few phone calls this week will save many headaches when it is time for the next third party inspection.

If you need a third party inspection, or if you have other UST questions, please contact Christopher Walton, PE, at cwalton@capaccio.com or (508) 970-0033 ext. 139.

 

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