What Kind of Insurance Does a Gas Station Need?
- Nate Jones, CPCU, ARM, CLCS, AU
- 9 hours ago
- 2 min read
Owning a gas station comes with unique risks, from fuel spills and property damage to employee injuries and liability claims. Having the right insurance coverage is critical to protect your investment, ensure compliance, and maintain profitability.
This guide outlines the types of insurance every gas station should consider.
General liability coverage protects against claims from third parties, such as:
Slip-and-fall accidents
Property damage to customers or neighboring businesses
Legal fees associated with liability claims
Gas station buildings, equipment, and inventory are vulnerable to fire, storms, theft, and vandalism. Commercial property insurance covers:
The building structure
Fuel pumps and underground storage tanks
Convenience store inventory
Signs and equipment
If your gas station uses vehicles for deliveries, fuel transport, or employee use, commercial auto insurance is necessary. It covers:
Vehicle accidents
Damage to third-party property
Injuries to drivers and passengers
Gas station employees face risks such as slips, burns, or lifting injuries. Workers’ compensation insurance provides:
Medical coverage for work-related injuries
Wage replacement for injured employees
Legal protection for your business
Gas station operations rely on specialized equipment like:
Fuel pumps and dispensers
Underground storage tanks
Refrigeration units and POS systems
Car wash machinery
Equipment insurance protects against damage, breakdowns, and replacement costs.
Because gas stations store and dispense fuel, environmental incidents can be costly. Environmental liability insurance helps cover:
Fuel spills
Soil and groundwater contamination
Cleanup costs and regulatory fines
Unexpected events like fires, storms, or equipment failure can halt operations. Business interruption insurance helps cover:
Lost income during repairs
Ongoing expenses like payroll and utilities
Temporary relocation costs
Final Thoughts
Owning a gas station involves managing multiple risks, from accidents and equipment failures to environmental hazards. Securing comprehensive insurance coverage is essential to safeguard your investment, ensure compliance, and maintain profitability.
Partnering with experts like Wexford Insurance ensures your gas station is protected with tailored coverage designed specifically for the industry, so you can focus on running your business confidently.
Contact us today.
