When it comes to managing operational risks, business owners look to certain insurance products for protection against financial harm. For example, a commercial property owner will buy property insurance to manage the risks of theft and destruction from certain weather events. Similarly, many businesses secure workers’ compensation insurance because the potential for injury on the job is ever-present. One can imagine the risks that exist for fuel and propane dealers, but according to experts on fuel distributor insurance, a tailored coverage is strongly recommended.
Covering Your Risks
Different coverages address different risks. A fuel or propane dealer may have things like workers’ compensation, general liability and commercial auto protections in place. Those products may not address the unique needs of the following types of businesses:
- Fuel oil retailers and distributors
- Propane merchants and delivery
- Petroleum dealers that own 70% or more of product
- Diesel retailers
- Vendors of lubricants and motor oil
Employees and customers rely on these companies to address their risks, both typical and industry-specific.
Choosing the Right Insurer
Fuel oil and propane distributors will even require special considerations for even the most basic types of insurance coverage. It’s important to find an insurer with a proven track record of helping businesses like yours address all the details. Give yourself the peace of mind of knowing that you have a comprehensive plan that leaves no operational issues unaddressed.