Gas Station Liability


Atlantik Sha: Gas station liability insurance

The oil service industry is extremely diverse and comprises a variety of businesses, including onshore and offshore, up-stream and down-stream, operators, drilling contractors, well servicing, pipeline and manufacturing to name a few. 

Although all of these operations are part of the same industry, each specific business has its own set of risks and potential losses that need to be identified and addressed. One important element to take into consideration when investing in insurance for your oil service business, is choosing the right gas station insurance for your needs. In this article we will discuss everything you need to know about gas station insurance.

What type of insurance does your gas station need?

Want to make sure your gas station thrives in today’s economy? It’s not just your prices or your inventory you need to worry about. Thriving and surviving is also about how well you recover from accidents, injuries, and other insurance claims. For that, you need the right kind of gas station insurance.

General Liability

As a business owner, you deal with the public in a variety of ways. As a gas station owner, you have to face certain risks like fire and environmental exposures that threaten damage or harm. General liability insurance covers claims made by non-employees for property damage or bodily injury that occur while at your gas station or while doing business with you. This includes slips, trips, falls, vehicle damage, and more.

Commercial Property Insurance

From the building to the gas pumps to the inventory in your gas station, everything you need to do business costs money. If a fire, storm, or theft damages your property, replacing it so you can get back to business will be expensive. 

Commercial property insurance helps you replace equipment, inventory, and supplies for your gas station after a covered peril.

Equipment Breakdown

If your gas pumps don’t work, you lose money as customers pass you by for the station up the street. Equipment breakdown coverage helps you get back up and running quicker with less out-of-pocket expense for you.

Underground Storage Tank Coverage

Your station stores a massive amount of fuel underground. When something goes wrong with a storage tank, the risk of damage and injury is very real. Underground storage tank insurance is a form of liability coverage that pays claims after an accident resulting from your fuel storage tanks.

Loss of Income

When an accident shuts your business down, you’re not making any money. You can’t pay vendors, employees, or yourself. Loss of income coverage helps you meet your financial obligations while your gas station is being repaired or rebuilt.

Crime Coverage

Gas stations face crime in two ways: dishonest employees and burglaries. Even when you put protections in place to prevent theft, it can still happen. When you lose money from crime, this insurance coverage will help you recover financially.

Workers’ Compensation

As an employer, workers’ compensation insurance may be required, but it’s also a good business practice. If an employee gets hurt or becomes sick while at work or in the course of their duties, you will be responsible for their lost wages and medical expenses. Workers compensation pays those costs and covers you if an injured employee decides to sue.

Why should you choose Atlantik Sha as your gas station insurance company?

Our extensive experience with energy companies has made us experts in insuring industry-specific risks. Our team provides reliable products and professional service that your oilfield business can rely on. An oil field company poses many serious risks to the company and its employees. Our goal is to protect your business from the injuries, fines, and costs prevalent in this industry. Our team members will begin the process by researching your company's current policies and practices. This allows us to identify all opportunities for improvement. We will work with your team to ensure that you have a suitable risk management plan in place and begin customizing your policy to protect you from these risks.

Why choose Atlanik Sha?

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