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What is Gas Station Insurance?

If you own a gas station in Florida, you need to purchase a specialty insurance policy designed for Gas Stations to protect your business for property damage and bodily injury against any accident happens on your premises. Since 1987, we have insured gas stations that have additional income derived from:

  1. Gas Station with Convenient Store.
  2. Gas Station with Auto Repairs.
  3. Gas Station with Car Washes.

All these additional exposures need to be addressed and adequately be covered for any exposures you might experience on your premises.

What does Gas Station insurance policy cover?

  • Building – you need the property insurance to cover structural damages to your gas station building against any covered perils such as fire, vandalism, theft, and others
  • Canopy – This type of property coverage is necessary to insure the canopy that goes over the gas pumps owned by your gas station; it will cover the canopy against any accidental damages or natural disaster.
  • Gas Pumps – these standing gas pumps are susceptible to get damaged accidentally by any customer filing gas on your premises, or for any natural disaster such as Windstorm & Hurricane.
  • Contents – The policy provides coverage for damages to your business owned property inside your gas station, including inventory, shelving, cash registers, and computers.
  • Equipment and Machinery – The policy covers repair and replacement if your equipments such as refrigerators, air conditioning used in your gas station become damaged due to an electrical circuit shortage, water damage or other natural disasters.
  • Crime – Gas Station and convenient stores are often targeted by criminals for robberies due to cash circulation on premises. Insurance company recommends that business owners take certain measures such as installing security cameras and using other crime deterrents such as installing a central alarm system. Doing so can decrease your crime insurance policy rates.
  • Garage Keeper Legal Liability – If you perform auto repairs in your premises, then you require to protect customers autos while they are in your care, custody, and control inside your gas station. You have the option to structure a garage keeper policy limit based on a number of vehicles you keep overnight also taking into consideration the total value of these vehicles.
  • Commercial Flood – It is crucial in Florida for commercial property owners to obtain a flood insurance policy, to protect your gas station from major damages caused by a flood due to heavy rain, regardless if your property located in a flood zone area or not.
  • Hurricane Insurance – this type of coverage is essential in Florida to protect your property against natural disasters such as a hurricane or tropical storm. Damages to your gas station caused by a hurricane can be financially severe.

  • Business Interruption – This insurance policy provides a continuation of income to cover your overhead expenses if a covered perils force you to close your business for an extended period while repairs are made to your gas station.

  • Employee Dishonesty –This insurance protects your business from financial losses in the event one of your employee steal money from your gas station.

Liability coverage to consider for Gas Stations:

Frivolous Liability lawsuits can destroy your business financially if you ever get sued for any accident happened on your premises. It is crucial to protect your gas station with an adequate general liability insurance policy, and coverage consists of:

    • Premises Liability – The policy protect your business for bodily injury or property damage suffered by a customer standing at the gas pumps filing up their vehicles, or standing inside your convenient store to pay for the gas, or waiting on your premises during car washes, or sitting inside during their auto repairs.
    • Pollution Liability – This type of insurance is necessary to have when operating a gas station, because it provides coverage if an accident involving your gasoline pumps which might pollute the ground, water or air. Coverage includes restitution for property damage to your gas station or illness to others caused by pollutant as well as the cost of pollution cleanup efforts.
    • Liquor Liability – Florida has its laws pertaining to liquor liability. In most cases, businesses that sell alcoholic beverages are held to a higher standard of liability exposure than any other retailers, when it comes to selling liquor to intoxicated or underage customers.
    • Workers’ Compensation – If you have over 4 employees listed on your payroll, then you need to purchase a workers compensation insurance policy. This policy is highly important to owners of a gas station because It provides medical payment and loss of income in the event your employees get injured during working hours.

5 steps to save money on your Gas Station insurance policy?

  1. Install a theft and fire alarm system.
  2. Hire experienced and licensed mechanics for your auto repair shop.
  3. Keep your premises clean, to prevent slip and fall incident.
  4. Have a continuous insurance policy with no lapse of coverage.
  5. Install a surveillance camera inside and outside the store; it helps minimize any false claims against your business.

How Much does Gas Station insurance cost?

Purchasing Gas station in Florida can be a complicated process, particularly if you want to be sure that you are getting adequate coverage against all exposures. If you are shopping for the best gas station insurance companies with comprehensive coverage and affordable rates, feel free to contact G. Zein Insurance Services at (954) 454-9599, (305) 414-1112 or (866) 454-9555. We are here to help serve your gas station business.

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