Cheap Gas Station Insurance

Cheap Gas Station Insurance

If have have recently purchased a gas station, or are in the market to buy a gas station, you are probably aware of the many costs associated with running your business. The building is one cost, as is the land. If pumps need to be purchased or upgraded, you may invest tens of thousands of dollars. Your customers may not realize it, but the gas that is delivered two or three times a week isn’t free either- you pay nearly as much as they will! As you spend time figuring a budget that will help you cover all these expenses (and many more), take a minute and ask yourself: What about the insurance? Can you find insurance that is cheap enough to allow you to be covered and still operate for a profit?

If you were buying insurance for a standard business, you might have been able to purchase a fairly standard policy that protected your assets, including the property itself and any contents within, as well as some liability insurance that provided coverage in case someone got hurt or something got destroyed while on your property. But gas stations are not just any standard business. No, just as running a gas station is more complex than running many other types of businesses, so is insurance for your gas station.

How complex, you ask? Your business will need a policy that covers property damage and liability, but a well-prepared gas station owner will want to invest in policies that are more specific and cover items gas spills and leaks, the underground storage tanks, and the gas itself. Depending on the state in which your station is located, these types of insurance may even be a requirement rather than an option. As you begin your search for an insurance policy, looks for local or regional offices who may be more familiar with regulations in your state. Lastly, if you plan to operate a convenience store or car wash on the same site, you may want to purchase insurance to protect your business against food spoilage, theft, damage caused by the car wash, etc.

Cheap gas station insurance will help you protect every square inch of your station, as well as the people and property that come into contact with it during the course of normal business. There are many agencies that can offer you cheap insurance to provide comprehensive coverage for your gas station. If there are additional policies that are important to your business but not included in a comprehensive policy, you may be able to add them and receive a multi-line discount from your insurance agency, making coverage that much more of a steal.

Some individuals, including new business owners, choose to pass up the opportunity to purchase more specific types of insurance coverage for their station because the potential threat of food spoilage or a gas leak does not seem worth the cost of a policy. However, quality gas station insurance can be found at a cheap cost and is well worth the peace of mind and protection that comes with the investment.

All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.