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Underground Storage Tanks (UST) Financial Responsibility Responsibility Requirements

  

NJ UST Financial Responsibility Requirements

Based on N.J.A.C. 7:14B-15 -Financial Responsibility Requirements, this table displays the Per Occurrence Coverage and Aggregate Coverage of various groups of UST Owners and Operators. These coverages are needed to meet the financial responsibility assurance requirements for owners and operators of underground storage tank systems for the purpose of remediation and for compensating third parties for bodily injury and property damage as a result of a discharge from an underground storage tank system.

PDF Version (66 Kb)

Group Of UST Owners
And Operators

Applicable Law(s)

Per Occurrence Coverage

Aggregate
Coverage

Petroleum marketers
(i.e. Tanks at refineries, Gas stations, Fuel distributors, etc.)

Federal & State Regulated Tanks subject to 40 C.F.R. Part 280 Subpart H

 

$1 million

$1 million
if you have
100 or
fewer tanks

OR

$2 million
if you have more than 100 tanks

Nonmarketers & Local governments
(i.e. Businesses, Car dealers, Trucking firms, Motor fuel for farms and residences with more than 1100 gallons aggregate total, Waste oil, Emergency generators, etc.)

Federal & State Regulated Tanks subject to 40 C.F.R. Part 280 Subpart H

$500,000

if throughput is 10,000 gallons monthly or less

OR
$1 million

if throughput is more than 10,000 gallons monthly

All other State regulated Petroleum USTs
(i.e. Heating oil for non-residential on-site consumptive use with more than 2000 gallons aggregate total, Petroleum sumps, Tanks<110 gallons in volume, etc.)

State Only Regulated Tanks (not Federally Regulated) subject to N.J.A.C. 7:14B-15

$250,000

if throughput is 10,000 gallons monthly or less

OR
$1 million

if throughput is more than 10,000 gallons monthly

Hazardous Substances other than Petroleum
(i.e. Chemicals, RCRA hazardous waste, etc.)

Federal & State Regulated Tanks but Financial Responsibility only required by State subject to N.J.A.C. 7:14B-15

$1 million

Petroleum marketers include all facilities at which petroleum is produced or refined and all facilities from which petroleum is sold or transferred to other petroleum marketers or to the public.

State and Federal government entities whose debts and liabilities are the debts and liabilities of the State or the United States are exempt from these Financial Responsibility Requirements.

For additional NJ information please visit us at N.J.A.C. 7:14B-15: www.nj.gov/dep/srp/regs. For additional Federal information please visit at: Financial Responsibility Requirements For USTs

(11/2003)