People all over the United States need gas for their cars, suvs, trucks, and other vehicles. Gas stations can be good investments and their success has been growing in recent years. And because gas stations require a significant amount of financial and time investment, a comprehensive gas station insurance policy should be in place to protect your investment.
A study by StatisticsBrain.com reports that there are over 120,000 gas stations in the US, with about 80% of those gas stations containing convenient stores. But gas stations have a unique set of risk that are usually not associated with other businesses. The following types of insurance coverage are recommended for gas stations:
General Liability – This coverage helps pay for losses that arise from third-party bodily injury and/or property damage claims on premises or resulting from the operations of your gas station.
Property – Commercial property insurance coverage protects the property owned by a business. Property can be any type of real property including:
Workers Compensation – This coverage protects employees whom sustain injuries while on the job. In Illinois and Indiana, workers compensation insurance is mandatory for all businesses with at least one full time or part time employee.
EPLI (Employment Practices Liability Insurance) – Employment practices liability coverage protects a gas station owner from claims made by current, former, or potential employees for discrimination, wrongful termination, sexual harassment, and a variety of other acts.
Gas Station Insurance Quotes
Insured ASAP provides affordable and custom insurance quotes for all business types including:
Insured ASAP specializes in small business insurance in Illinois, Indiana and Michigan. Our partnership with both local and national insurance carriers allows us to build a custom gas station insurance program designed for your specific needs. Contact us today for any questions or for an easy and very quick insurance quote.