Insurance for Petroleum Bulk Stations and Terminals

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  • Enjoy lower premiums for Petroleum Bulk Stations and Terminals

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Coverage Plans for All Your Needs

BASIC

Essential coverages to meet client demands


General Liability (GL)

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Includes:

  • Coverage against claims from bodily injury, property damage and personal injury
  • Coverage for products/completed operations

STANDARD

When you also have equipment or operate from an office


General Liability + Property (bundle them with a BOP)

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All Basic plan benefits and:

  • Bodily injury
  • Damage to third party property
  • Business personal property
  • Personal injury
  • Lost business income
  • Equipment breakdown

PRO

Fully cover your business vehicles and cargo


Business Owners Policy (BOP) + Inland Marine

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All Standard plan benefits and:

  • Transit
  • Bailee's customers
  • Motor Truck cargo
  • Installation Floater

CUSTOM

When you have specific requirements


Including Workers Compensation, Product Liability, etc.

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Frequently Asked Questions

Why do Petroleum Bulk Stations and Terminals need insurance?

These establishments are involved in the wholesale distribution of petroleum. Examples include crude, gasoline, fuel, propane, and liquefied petroleum gas (LPG).

When running a business, it is important that you protect your assets. There are a number of ways to do that and the most effective risk management procedure is to have insurance. Your insurance covers the costs of costly lawsuits and other expenses that could otherwise force your business to close.

What risks do Petroleum Bulk Stations and Terminals face?

Below are some of the risks petroleum bulk stations and terminals could face:

  • One of your clients complains that the petroleum you sold to them in bulk is of low quality and they claim that they have difficulty selling the product. They claim that this has cost them a lot of money and they sue your business as a result.

  • Since petrol is a flammable material, any spill has to be dealt with immediately. However, even though you've taken precautionary measures, a spark ignites spilled petrol just as you were about to clean it. The fire burns your building and everything inside to ashes.

  • Your tank truck gets involved in a serious accident that topples the truck over, spilling most of the petrol in the tank.

How much does the insurance for Petroleum Bulk Stations and Terminals cost?

There is no fixed amount for the cost of insurance for petroleum bulk stations and terminals as there are many factors that identify it, the most influential usually being the business type, the number of employees, and the coverage needed. To find out the cost of your insurance policy fast, simply apply online and we'll send your free quote in as little as five minutes.

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CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.

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I didn’t know what type of insurance I needed for my new business so I called CoverWallet and the agent provided me with everything in under an hour!

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Laura Campbell, Distributor

There is nothing more that CoverWallet could have done to make the process any faster or easier. They made it as painless as possible.

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Anthony Williams, Contractor

I was extremely satisfied with all services and communications with customer support. I would definitely recommend to others. Thank you CoverWallet!

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