Gas Station Insurance

Why do I need Gas Station Insurance?

• Protection for property, tool, supply and equipment losses due to fire, vandalism, theft and more
• Protection for equipment breakdowns
• Protection for liability losses due to injury or third-party property damage
• Protection for errors and omissions
• Protection for loss of income due to business interruption and more
• Protection for automobile losses due to accidents and vandalism
• Protection for cyber losses due to data loss, credit card breach and other digital threats

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Gas Stations face unique risks

As the owner of a Gas Station the risks you face are unique to you and your insurance should reflect that. Gas Station’s Insurance will provide coverage for anything from fire damage to injuries or leaks and spills.

Your services are likely not limited to the dispensing of gasoline, kerosene, diesel or fuel oil. Many other operations may be conducted such as auto repair, retail sales of food, retail sales of auto accessories, towing services, restaurants and in some cases, even lodging facilities. It is important that you have the right coverage to suit your specific operations.

Property Exposures:

• Property exposure from fire comes from the oils, solvents, or other flammables.
• Welding exposures are often a part of the operation.

Inland Marine Exposures:

• Inland marine exposure is from Goods in Transit. Fuel oil can be spilled and the shipment lost.

Occupiers’ Liability Exposures:

• Occupier’s liability exposure is from slips and falls by customers.
• There is also the attractive nuisance of cars in the parking lots.
• Customer waiting areas should be provided and customers must be not be permitted in the garage area. Lots should be well lit with chains in place to prevent entrance after hours.

Crime Exposure

• Crime exposures are from Employee Dishonesty and Money and Securities.

Products Liability Exposures

• Products liability concerns stem from vehicles that are not properly repaired. There should be check off procedures in place.
• There is also the potential of contaminated fuel and the damage caused by that.

Environmental Impairment Exposure

• Environmental impairment exposures exist from the disposal of used oils, solvents and other hazardous wastes.
• Tanks, both above and below ground, must be maintained and monitored regularly for leaks and spills. Underground Storage Tank (UST) coverage is a requirement for any underground tank.

Automobile Exposures

• Automobile liability exposures are from errand running to pick up needed supplies.
• If towing takes place then additional exposures exists.

Garage Keepers Exposure

• Garage Keepers exposure comes from the physical damage losses to customers’ vehicles while in the repair shop’s care, custody and control.

Workplace Safety Exposures

• Workplace safety exposures come from injury while lifting the vehicle or during the use of hoists.
• Other non-mechanical lifting exposures could result in back injury, sprains, strains or hernias.
• Another exposure is holdup. All employees must be trained in safety procedures to protect themselves and the customer in case of robbery. Protective equipment such as surveillance cameras, panic buttons and guards may be needed.

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