Gas Station and Convenient Store Insurance Fresno, CA

As a gas station owner your in the business of dispensing gasoline, kerosene, diesel or fuel oil with incidental sales of auto accessories and pre-packaged snack food items.

Larger gasoline stations may offer other services, such as auto repair, retail sales of food or auto parts, snack bar or restaurant, propane tank exchange, towing, or baths and overnight lodging facilities for truckers.

Given the fact that most residents operate at least one vehicle, gas is in high demand, which means that owning a gas station can be a very lucrative business investment but the risks are high. From employee and customer theft to fire risks and leaks you have good reason to want to insure your gas station business properly. 

Gas station insurance protects your filling station and convenience store from lawsuits with rates as low as $90/mo.

 

Get a fast quote and your certificate of insurance from Kerr Insurance Brokers in Fresno, CA.

Below are some answers to commonly asked gas station insurance questions:

How Much Does Gas Station Insurance Cost?
Why Do Gas Stations Need Insurance?
What Type Of Insurance Do Gas Stations Need?

 

Why do gas stations need insurance?

As the proprietor of a gas station, you work with the general public and vendors on a constant basis. Given the fact that gas is so volatile, you make every effort to ensure that your station is as safe as possible. You also go above and beyond to ensure that you are meeting the needs of your clients, as well as the vendors you work with. However, should something go awry, you could be held legally responsible and end up facing serious financial hardship.

For example, if a fire breaks out and it was determined that the cause was a faulty pump that wasn't properly inspected, you will be responsible for paying the medical expenses of anyone who was injured, as well as the repair or replacement of any property that was damaged.

Additionally, should those who were affected by the fire take legal action, you will also have to pay for any legal fees, as well as any compensation that a court decides the victims are entitled to.

Without gasoline station insurance coverage, you would have to pay for these expenses out of your own pocket, which could be financially devastating. However, if you have the right type of policies in place, the costs of medical bills, damages, and legal fees will be covered by your insurance provider.

In other words, insurance can help to protect you from serious financial hardship and could ultimately prevent you from losing your livelihood, as well as other assets. For this reason, as the proprietor of a filling station, business insurance is one of the best investments you can make.

 

What Type Of Insurance Do Gas Stations Need?

The type of insurance coverage gas station and convenience store owners should carry will vary from business to business.

The risks that are associated with operating this kind of organization depend on the specific type of services that you offer, the size of your company, the number of people you employ, and where your filling station is geographically located.

While the specific insurance needs depend on the specifics of your company, there are certain types of coverage that all station owners should have in place, including:

  • Commercial General Liability - No matter how large your filling station and convenience store is or where it is located, commercial general liability insurance coverage is something that all gas station owners are required to carry. It protects your business against third-party personal injury and property damage claims. For instance, if a fire does break out at your gas station and clients are hurt and property is damaged, your commercial liability insurance will cover the cost of any medical bills, repairs, and legal fees that may be arise if a lawsuit is filed against you.

  • Commercial Property - This type of insurance protects the physical structure of your gasoline station and convenience store, as well as the contents within it, from storm damage, acts of vandalism, and theft. For example, if someone breaks into your gas station and steals any of your inventory, your commercial property insurance would help to pay for any necessary repairs, as well as help to cover the expense of replacing the stolen inventory.

  • Workers Compensation - If you employ a staff, you will also need to carry workers comp insurance in almost every sate in America. This type of coverage pays for any work-related accidents or injuries that employees may sustain. Should an employee be injured by a faulty gas pump, for example, workers' comp will cover the cost of any related medical care, wages that the employee loses while recovering, and even legal fees, should the employee file a lawsuit against your business.

 

These are just some of the insurance options that gasoline stations with convenience stores should have.