Insurance Coverage for Gas Stations [Coverage + Cost]
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Start Your Free Quote!
Start Your Free Quote!
Start Your Free Quote!
Running a gas station includes a lot of risks. But knowing what you need for gas station insurance can be difficult to determine—and downright overwhelming. But you need to protect your business with the right business insurance.
Many states require gas station owners to carry different types of gas station insurance to cover the various risks involved with this particular type of business. Each state requires permits to store and sell gas, and to obtain these permits you will need some form of gas station insurance.
If your gas station includes a convenience store, you’ll need additional coverage. An experienced insurance professional well-versed in the ins and outs of gas station insurance can help you determine your specific needs, but we outline some options here.
What business insurance should you consider for your gas station business?
A Business Owners' Policy (BOP) includes common insurance options. Because of how it's packaged, a business owners' policy is often offered to small businesses at a more affordable cost. A BOP usually includes commercial property insurance, general liability insurance, and business interruption insurance.
You may want to consider adding equipment breakdown coverage. Why? Gas stations use expensive gas pumps and other equipment that can be expensive to fix when they break—and hazardous if you don't fix them immediately.
Workers' Compensation Insurance protects both you and the employees that work in your store. Plus, many states require you to purchase this coverage when you hit a certain number of employees. Workers' comp covers:
Why do gas stations need Pollution Liability Insurance? If you suffer a gas spill or one of your pumps is leaking, it's considered an environmental hazard. It can also be a health hazard to your customers—especially if it led to an explosion. In some states, it is legally required if you own and operate a gas station. If a spill occurs, most pollution liability policies help cover the cost of the cleanup.
These are a few other business policies you should consider if they apply.
The cost of business insurance for gas stations can vary depending on certain factors, including:
The cost of coverage for gas stations can start as low as $39 a month for basic general liability insurance (with some insurance companies). Make sure you speak with an experienced insurance agent to get a quote that is tailored to your business.
Our goal Tivly is to help you protect your customers, employees, and your business as efficiently as possible. Give us a call at 877-907-5267 for a competitive and free insurance quote. Or you may complete the form at the top of the page. One of our agents will gladly help you get a quote for the coverages you need.
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