As the owner or manager of a gas station, you understand how important it is to protect the business’ property from theft and other losses. But in addition to property, you should also consider liability risks and how you can minimize the financial impact of such events.
A liability is an incident experienced by a customer or other third party that your business is responsible for. In terms of a gas station, some examples of liability risks may include:
A sign or other object falls onto a customer’s head while pumping gas.
A customer slips in an unmarked puddle or trips over clutter and becomes injured.
A customer’s property, such as a car, is damaged or stolen while on premises.
Keeping a clean, tidy establishment with plenty of security features (both inside and outside by the pumps) can help minimize the risk of similar liability risks. However, the risk is never completely eliminated. If one of these incidents does occur at your gas station, it’s crucial that you have the right protection in place to protect the business’ finances.
Commercial liability insurance can reimburse your business for medical bills and legal fees that are tied to liability claims made against the gas station. And since these expenses could quickly add up well into the range of tens of thousands (or even higher), having the right coverage in place can be a lifesaver for your business.
Ready to learn more? Call Exceed Insurance at (855) 539-2333 for more information on the gas station insurance policies we offer.