Business insurance is a complex system of products, each designed to address the needs of a set of industries with common liabilities and risks. That’s why so many companies need to opt into a sequence of coverage options, sometimes using different carriers to meet those needs. If you work in the petroleum industry, there are some insurance types that are unique to your business, as well as others that are more common across industries that you also need. If your business has employees, you’ll need workers compensation. General liability is also a basic requirement, and if you have public storefronts, possibly public liability insurance as well.
Finding Coverage for Petroleum-Specific Risks
Once you have the basic insurance types that businesses with storefronts and customers all have to deal with, you also need to consider vehicle coverage for your delivery vehicles, as well as coverage that is specific to the risks involved with transporting and dispensing propane. Luckily, there are a few insurers who specialize in understanding propane dealer risks. If you find the right one, you might even be able to bring all of your coverage options together into a single umbrella policy that addresses all the coverage needs you have across your entire company. That way, you can save money and simplify your insurance planning and review each year.