by Edward Snaneh

Insurance quotes for gas stations and convenience stores are among the businesses that vary in their underwriting requirements and acceptability. Different insurers have different desirability and appetite for gas stations and convenience stores. The following are some considerations related to insuring gas stations and c-stores in the Chicago, Illinois area.

Related Property Coverage for Gas Stations: Potential coverages needed for gas stations and c-stores include building (including canopy), gas pumps, gas tanks, gas in the tanks, business property for any grocery or convenience stores, car washes if any, outdoor signs, etc. Coverage should be on replacement cost basis. Additional property-related coverages include crime coverage (money and security or robbery and safe burglary), business income, etc.

Related Liability Coverage for Gas Stations. Besides the commercial general liability, insurance for gas stations may have to include garagekeepers liability in the event that the gas station business takes control of people's vehicles (car detail operations, car washes, repair shop, etc.), or liquor liability (if liquor is sold on premises). Also, workers compensation coverage for gas stations and convenience stores is the law.

Underwriting Factors in Insuring Gas Stations

Gas Stations Insurance and Hours of Operations. A major challenge facing insurance gas stations and c-stores is their hours of operations. Many standard carriers will not offer coverage for 24 hours operations gas stations and convenience stores.

Number of Pumps & Gas Stations Insurance. Some carriers limit their Business Owner Policy (BOP) coverage to gas stations with certain number of pumps (ie six pumps, for example). BOP coverage represents more advanced

Commercial Cooking, LPG Sales. Businesses that do commercial cooking, deep frying, or sale of Liquefied Petroleum Gas (LPG), may not qualify for BOP coverage with most standard carriers.

Insurance Rates for Gas Stations and Convenience Stores

Property insurance rates for gas stations and convenience stores are based on the geographical location, construction type of the property, square footage, age of property, amounts and limits of coverage, as well as security and fire systems available.

Liability insurance rates for gas stations and convenience stores are based on annual sales of the business, including gas, lotto, liquor, and other revenues. Workers compensation insurance  rates are based on projected payroll for next 12 months.

Securing affordable insurance quotes for gas stations may be facilitated by contacting a number of insurers who offer this coverage. Many independent agents who represent several carriers can do the job.
 InsuranceNavy is a Chicago, Illinois based commercial and personal insurance agency and a leader in the Illinois Commercial Property Insurance. Convenience Store Insurance and Gas Stations Insurance.  InsuranceNavy represents many commercial and liability insurers  in the States of Illinois and Indiana, and is offering its services through several locations in the Chicago and suburban areas.

For quick and free consultation for your apartment insurance coverage, quick quotes please call one of our licensed insurance agents at:

(708) 233-4848
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General Liability Waiver Form said...
The policys and rates have been changing for years and nothing getting implemented quickly.
FRIDAY, DECEMBER 30 2011 12:25 AM

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