Low Cost Gas Station Insurance

Low Cost Gas Station Insurance

As any well-prepared business owner will tell you, having insurance coverage for your business is a must in any industry. Whether you operate a mom-and-pop shop that sells t-shirts to tourists, are the chief executive officer of the company that operates a nationwide chain of amusement parks, or anything in between; having insurance can be the difference between being financially secure when an incident occurs and losing the business altogether. Gas stations are no different than any other business in this regard.

With the high cost of operating a business in today’s world, especially a gas station, any wise and cautious business owner wants to balance the profitability of their operation with protection. Finding low cost gas station insurance is one way to balance these responsibilities. The first step will be determining the needs for your station: Will your station only be offering gas, or will you have a convenience store on the property as well? If you will have a convenience store, what type of food will you sell in that store- fresh, frozen, or both? Does your state have any specific or stringent environmental regulations that you must meet? These are only a few of the questions that you will need to answer as you search for insurance for your station.

Finding low cost insurance for your gas station will also depend on the agency you choose to insure your business. Some agencies might provide separate policies for each separate feature of your station, while others might offer a comprehensive policy that provides coverage for those same features. As you search for insurance, remember a comprehensive plan will generally offer you a lower cost than if you purchase individual policies for each feature, even if the comprehensive plan offers coverage for a feature your station does not have.

One other way to obtain low cost gas station insurance is to search for agencies that will offer you a multi-line discount for having a standard liability policy as well as the comprehensive policies that cover the specific needs of your gas station, such as gas leaks or spills, food spoilage (if you have a convenience store on the premises), and even theft. Much like homeowners can save money on their insurance policies if they also purchase auto insurance from the same company, you can save money and have lower cost insurance for your gas station if you can find  and purchase from an agency that offers policies that cover all the various aspects of your business.

Running a gas station can be expensive, but the insurance you need to protect yourself and your business in case of an accident or other incident does not need to be expensive. As with all other aspects of your business, spend some time researching what specific needs you have for your station. Determine which policies best protect your station, find an agency that is familiar with the insurance needs of a gas station in your state, and then spend time comparing prices. Once you have done this, you will find that low cost gas station insurance is well within reach.

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.