A gas station's insurance program needs to address risks that a standard commercial property policy doesn't typically cover, given the presence of fuel storage, dispensing equipment, and higher public foot traffic.
Reviewing coverage as a set of distinct policies, rather than one bundled package, helps ensure nothing important is missed.
Pollution and environmental liability coverage
Given the presence of underground storage tanks, pollution liability coverage addresses cleanup costs and third-party claims from a fuel release, which general liability policies typically exclude.
Property and business interruption coverage
Commercial property insurance should cover the building, canopy, and fuel dispensing equipment, while business interruption coverage helps replace lost income if the station has to close temporarily due to a covered event.
General liability and workers' compensation
General liability covers customer injury claims on the premises, and workers' compensation is required for employees in most states. Buyers should confirm existing coverage details as part of due diligence when evaluating a purchase through a standard acquisition process.
Frequently Asked Questions
Speak With a Florida Gas Station Specialist
Request a confidential consultation or off-market opportunities and pricing through our contact page, or call +1-305-518-1545. The Gas Station Group is headquartered at 8603 S Dixie Hwy, Miami, FL 33143. Principal: Bobby Berrido.