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If you run a small gas station, then it’s often a good idea to get cheap business insurance that will keep you protected in case anything ever goes wrong.
In fact, some states require you to carry specific forms of insurance coverage at the very least before starting a gas station business. This article guide features all about gas station insurance, the premium cost and the available insurance policies.
General liability insurance is one of the most common forms of insurance for businesses like gas stations. The function of this inclusion in gas station insurance coverage is to cover bodily injury and property damage claims.
There’s an optional policy called advertising injury coverage. Advertising injury coverage will protect your business if third parties decide to file a claim for:
General liability insurance is also useful if you’re renting or leasing a commercial space. Gas stations don’t need to follow state-mandated requirements that determine how much general liability insurance is needed.
But still, bodily injury claims and property damage claims can scale between $10,000 – $500,000 or more. However, if you want the most comprehensive shield against property damage and personal injuries, get $2 million general liability insurance coverage.
| CoverWallet | NEXT (Best) | GEICO | |
| Per occurrence limit | $1,000,000 | $1,000,000 | $500,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $500,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $300,000 |
| Waiver of subrogation included? | Yes | No | No |
| Hired/non-owned auto liability coverage included? | Yes | No | No |
| Equipment breakdown floater included? | No | Yes | Yes |
| Can you get a certificate of insurance online? | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes |
Commercial property insurance will help reconstruct your gas station if it gets destroyed by fire or extreme weather.
This insurance will also pay for reconstruction costs if your gas station is only damaged by fire, extreme weather, vandalism, theft, and other covered perils.
Your gas station has pumps and other specialized tools and equipment customers can use. Commercial property insurance takes care of those through its business equipment and tools coverage.
| CoverWallet | NEXT (Best) | GEICO | |
| Building coverage limit (minimum) | $50,000 | $360,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $25,000 | $25,000 |
| Outdoor signs | Excluded | $2,500 | Included |
| Accounts receivable | Excluded | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 |
| Lock and keys | Excluded | $2,500 | Excluded |
| Business interruption floater | Excluded | Included | Included |
| Equipment breakdown floater | Excluded | Included | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 |
Gas Station Business Owner’s Policy
If you’re planning to get commercial property insurance and general liability insurance for your gas station, we suggest you purchase a business owner’s policy to save on premiums.
A business owner’s policy is basically a fusion of general liability insurance and commercial property insurance. It’s way cheaper than if you decided to buy commercial property and general liability separately.
| CoverWallet | NEXT (Best) | GEICO | |
| General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,00 | $1,000,000 |
| Commercial property coverage limit | $50,000 | $360,000 | $25,000 |
| Optional policies can be added? | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes |
Gas station employer’s liability insurance will protect you if an employee decides to sue your gas station after experiencing a work-related injury.
In practice, this will pay for defense costs and compensatory payments. Employer’s liability insurance is an inclusion in workers’ compensation insurance or can be sold as a stand-alone policy.
Employment practices liability insurance, which also covers defense costs and compensatory payments on your behalf.
Get all the best quotes from leading providers in a click of a button!
Workplace accidents can happen in gas stations. Your employees might experience a slip and fall accident.
As the name suggests, this kind of insurance exists to cover employees in case they end up getting injured or sick because of a job-related activity. There are several things that workers’ comp will do for you. The bullet below outlines how workers compensation insurance works :
Commercial Auto Insurance for Gas Stations
So how does commercial auto insurance help? This insurance offers the following protection for your gas station:
The average gas station insurance cost is $100 per month or $1,200 per year for general liability insurance offering $1 million in coverage.
Petrol station insurance cost can vary dramatically based on a wide range of factors;
| Cost per Month | Cost per Year | Deductible | |
| General liability insurance | $100 | $1,200 | $0-$500 |
| Commercial property insurance | $150 | $1,800 | $1,000-$2,500 |
| Business owner’s policy | $200 | $2,400 | $500-$1,000 |
| Commercial auto insurance | $105 | $1,260 | $1,000-$1,500 |
| Workers compensation insurance | $125 | $1,500 | $2,000-$5,000 |
Best Gas Station Insurance Companies
NEXT offers gas station insurance in partnership with Tivyl. That said, this company will refer you to a Tivly® representative who will then give you a quote. Policies you can purchase are general liability, commercial property, business owner’s policy, and more.
Average cost: $50 per month
CoverWallet insurance for gas stations has four options;general liability only , general liability and commercial property insurance, business owner’s policy with workers compensation insurance, and a custom plan.
CoverWallet is ready to give you the quotes of all gas station insurance companies so that you can research options.
Average cost: $62.5 per month
Get all the best quotes from leading providers in a click of a button!
Tivly® offers insurance for high risk and low risk gas stations. Policies you can get from this company are general liability, commercial property, business owner’s policy, and others.
Average cost: $50 per month
It offers a range of policies that would work well for gas station owners, including business owner policies, commercial auto,and individual liability policies.
Along with general liability coverage and business owner policies, Geico also offers workers’ comp coverage in case your employees have any accidents or even if they end up falling ill.
Average cost: $70 per month
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
9.4 / 10
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
2.8 / 10
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
2.8 / 10
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
10 / 10
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
9.4 / 10
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
10 / 10
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
0.6 / 10
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
10 / 10
Hiscox's the best! My business is insured with them for over 12 years and am not planning to switch!
10 / 10
Excellent experience with Hiscox BOP for my coffee shop. They provided all it needed.
10 / 10
My HI barbershop is well covered with their great BOP product for 5 years already! not planning to switch!
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
10 / 10
Great experience
6 / 10
Didn't relate to the concept much, but it makes sense if you need insurance to go
0 / 10
It doesn't really feel sustainable to me and doesn't offer business interruption, product liability and commercial property insurance. They have no local agents and despite their technology first approach you cannot file claims online. Additionally, product manufacturers are not covered by Thimble and they don't provide enterprise solutions.
10 / 10
As a contractor that works 3 times a week for a few hours, Thimble gets really handy for me and saves me money. I have no use for these massive business insurance coverages offered by traditional insurance companies.
10 / 10
Excellent concept which is useful to many small businesses!
10 / 10
Been waiting for this type of solution for a long time!
10 / 10
Love their business insurance solutions for freelancers! Great app!
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Disclosure: Insuranks.com is an independent educational comparison service and an advertising-supported publisher. Some of the companies/offers that appear on the website are from our partners which we may receive compensation from. This may influence which companies/offers we write about and where and how it appears on the site. However, this does not impact our assessments. We solely highlight companies, products, and offers that can help you make smarter insurance decisions.
