STICO Mutual provides Commercial General Liablity (CGL) coverage, Environmental Impairment Liability (EIL, aka Pollution) coverage, Professional Liability coverage and Limited Warranty coverage to companies that manufacture, distribute or service petroleum equipment.

A brief description of each of the coverages offered is set forth below.  These brief descriptions should not be relied upon as complete descriptions of the coverages offered.  Careful review of the Company’s insurance policies is recommended.

Commercial General Liability

The Company offers CGL coverage against all liability exposures of a business unless specifically excluded.  Coverage applies to liability for products, completed operations, premises and operations, and independent contractors.  The CGL insurance policy provides coverage for an insured when negligent acts and/or omissions result in bodily injury and/or property damage on the premises of the business, when someone is injured as a result of using the product manufactured or distributed by a business, or when someone is injured in the general operation of a business. 

Products liability coverage applies when a liability suit is brought against the manufacturer and/or distributor of a product because someone has allegedly incurred bodily injury or property damage through use of the product.

Completed operations insurance coverage applies to a contractor’s liability for injuries or property damage suffered by third parties as the result of the contractor completion of a project or operation.  The contractor must take reasonable care in rendering a project safe and free from all reasonable hazards. 

Premises and operations coverage insures bodily injury incurred on the premises of the insured, and/or as the result of the insured’s business operations.

Independent contractors coverage insures bodily injury incurred as the result of negligent acts and omissions or an independent contractor employed by the insured.

Professional Liability

Professional Liability relates to those exposures relating to drafting or design activities such as the design of a service station installation or an Oil/Water Separator manufacturing project.  This coverage carries a $1 million sublimit and can be added to the CGL policy via endorsement at the insureds request.  Additional premium applies.

Environmental Impairment Liability

Pollution liability coverage applies when a liability suit is brought against the product manufacturer, distributor or contractor due to an impairment of an environmental right protected by law.  STICO Mutual provides this EIL coverage as a stand-alone policy form with its own limits and deductible.

Limited Warranty

Warranty coverage can be purchased by members of STI/SPFA on the STI-technology tanks that they manufacture.  Coverage is limited to the repair or replacement cost of the tank, or the refund of the purchase price.  Covered technologies include:

• sti-P3®

• ACT-100®

• ACT-100-U®

• Permatank®

• Fireguard®

• F-921®

• Flameshield®