Gas Station Insurance in Massachusetts

What Coverages Are Available Through Gas Station Policies?

The protections that gas station policies provide largely are either property coverages or liability coverages. The former normally protects against damage or loss of assets, while the latter typically protects against potential lawsuits.

Some of the more common property coverages that a policy may have are:

• Commercial Building Coverage, which might cover an owned building and secondary structures
• Commercial Contents Coverage, which might cover equipment, inventory and supplies kept on site
• Equipment Breakdown Coverage, which might cover pumps or other equipment that malfunctions
• Spoilage Coverage, which might cover perishable food that goes bad during a covered disaster

Some of the liability coverages that a policy may offer include:

• General Liability Coverage, which might cover slip-and-fall accidents that occur on the premises
• Product Liability Coverage, which might cover injuries and damage that fuel, food or other products cause
• Gas Station Tank Coverage, which might cover leakage and ground contamination from tanks
• Pollution Liability Coverage, which might cover other causes of nearby ground or water contamination

In addition to these, stations often also get cyber liability coverage, employment practices liability coverage and umbrella liability coverage. 

How Much Are Premiums for Gas Station Policies?

Premiums for gas station policies vary, as they’re based on a multitude of factors. A station’s location, number of storage tanks, product offerings and annual sales are merely a handful of details that can impact cost.

For a precise determination of policy cost, station owners can review quotes with an independent insurance agent. Independent agents have the flexibility to show several insurance companies’ policies, including the policies' premiums and protections.