Gas Station Insurance

A comprehensive gas station business insurance policy typically includes the following coverages:

• Commercial General Liability (CGL) Insurance: Also called slip-and-fall insurance, CGL protects you from third-party bodily injury and property damage claims resulting from your gas station’s daily activities. If a customer visiting your service station should be injured in a fall, for example, CGL is designed to cover their medical fees. CGL may also include product liability insurance, which covers you for any product that you manufacture, distribute, or sell, including food.

• Commercial Property Insurance: It’s vital to protect your gas station, its attached structures (like a garage or shed), and your inventory and merchandise. Commercial property insurance provides that protection for damage or loss because of fire, flood, extreme weather, theft, or vandalism. Commercial property insurance usually includes business interruption coverage that pays for your operating costs if you are forced to close following an insurable loss.

• Pollution Insurance: A must-have for every gas station, pollution liability insurance covers you for environmental liabilities be they sudden or gradual. Whether due to gas leaks from a storage tank or fuel spillage from your pumps, remediating a contaminated site can be massively expensive.

• Cyber Insurance: Small businesses, including gas stations, are primary targets for cybercriminals. Accepting electronic payments from credit and debit cards either at the pump or in-store on your point-of-sale (POS) system exposes you to the risk of cybercrime. Cyber insurance covers you for cyber-related incidents such as data breaches and cyber-attacks and provides funds for helping you recover from such an event.

• Equipment Breakdown Insurance: Your service station houses a lot of expensive, specialized equipment. Equipment breakdown insurance is designed to reimburse you if that equipment falters because of mechanical or electrical malfunctions. Sometimes called boiler and machinery insurance, it applies to your station’s HVAC system, refrigerators, pressure vessels, and office equipment including computers and point-of-sale (POS) systems.

• Commercial Crime Insurance: Unfortunately, internal theft is not uncommon in the gas station retail industry. Commercial crime insurance protects your business from internal theft, fraud, forgery, and employee dishonesty. It also protects your financial assets that are in transit beyond your premises via an armoured car service or through a delivery person.

• Commercial Auto Insurance: If your filling station has one or more company vehicles, that calls for a commercial auto policy to protect them from collisions, damage from severe weather, vandalism, theft, and third-party accident claims. A personal, private-passenger car insurance policy is not designed to cover damages to or accidents involving business vehicles.

There may be additional coverages your service station requires, such as commercial umbrella insurance. Fill out an online application to get a free quote, and let a licensed Zensurance broker advise you on what coverages you may need to be adequately protected.