When demonstrating proof of financial assurance/responsibility, owners or operators can choose from a list of approved financial mechanisms that best meet their individual needs. With few exceptions, DEP forms must be used. Required use of DEP forms is new for Storage Tanks.
PCAP Financial Assurance Programs
Specific information (estimates, forms, provider companies, etc.) can be accessed from these links:
Other DEP programs with Financial Assurance/Responsibility requirements
The Division of Water Resource Management has financial responsibility requirements in their Phosphate Management (gypstacks), Mitigation Banking, Submerged Lands (wetlands) and Environmental Resource Permitting (mitigation), and Underground Injection Control (UIC) wells programs.
To minimize the threat to public health and the environment, Financial Assurance requirements have been required since the early 1980s to secure the proper closure and maintenance of solid and hazardous waste management facilities operating in the state of Florida. Financial Responsibility requirements for underground and aboveground petroleum storage tanks began about the same time to ensure that owners and operators of regulated storage tanks have the financial resources to pay for the cost of corrective action and compensating third parties for bodily injury and property damage that might result from a release from a petroleum storage tank system.
See individual programs for additional contact information.
Financial Assurance Working Group Permitting and Compliance Assistance Program Division of Waste Management Department of Environmental Protection 2600 Blair Stone Road MS 4548 Tallahassee, Florida 32399-2400
The Florida Department of Environmental Protection is the state’s lead agency for environmental management and stewardship – protecting our air, water and land. The vision of the Florida Department of Environmental Protection is to create strong community partnerships, safeguard Florida’s natural resources and enhance its ecosystems.