Gas Station Business Insurance Quote
Gas Stations with or without convenience stores have a whole list of exposures that require business insurance coverage. Gas stations are highly transactional with lots of people and money in and out of your gas station or convenience store, Making you quite vulnerable to crime. There are many factors contributing to the risk of a high crime rate for gas stations:
- - Employee dishonesty
- - General shoplifting
- - 24-hour stores
- - Cash drawers
- - Lotto and scratch-off tickets
- - Coin-operated machines such as vacuums and pressurized air
Any combination of these factors is a liability for your business. Protecting yourself with the right insurance policy is crucial in running a successful business. However, these are not the risks faced by gas station owners. If you are operating a gas station, you also need to consider the following.
Liability Concerns for Gas Station Operators
Most gas station/convenience stores are exposed to a high level of traffic every day, both on foot and by car. Because of the high volume of public access, there can be a significant amount of liability concerns. Also, the very nature of your business deals with highly flammable substances. This increases the need for a safe environment. The following are just a few of the premise liability exposures your gas station and convenience store may face:
- - Uneven or cracked flooring
- - Severe weather such as snow, mud, and rain
- - Damaged pumps
- - Poorly lit areas
- - Leaky fuel tanks
When you combine a type of business that has a high volume of customer traffic with many known hazards, accidents happen. You want to make sure you are covered with the right insurance in case of an accident. However, prevention is also key to reducing your risk. Ways you can help reduce your risk include:
- - Adding adequate outdoor security and lighting
- - Repair all broken equipment
- - Cleaning up all spills on the ground, both inside and out consistently
Property Coverage for Gas Stations
Most people aren't aware that if the main building of their business is not physically attached to the rest of the property by an awning or other roofing, it may not be covered under the same commercial property insurance policy. This means that for each separate building, you may need a specific property policy.
You may have the following on your property and if they have a cover or are not attached to the main building, they may be considered separate:
- - Gas pumps
- - Vacuums
- - Car wash
- - Garages such as those for auto repair, emissions testing, etc.
- - Storage units
- - Air pumps
Under a commercial property policy for your gas station and convenience store, there are many units both inside and out to consider for coverage. Theft, fires, customer accidents, power outages, and natural disasters can all have an adverse effect on your property. It's a good idea to maintain your buildings and verify all equipment is up to code to ensure that your business is properly protected.
Types of Insurance Policies for Gas Stations:
- General Liability
- Product Liability
- Commercial Property
- Business Interruption
- Workers Compensation
Let us simplify your search for business insurance! You can get started by requesting a custom business quote now or by calling us at 800-437-3316. We insure gas station and convenience stores in all 50 states!
