For those who run companies in the gas distribution or delivery business, making sure that their enterprise is prepared for daily risks involved in operating large trucks, transporting petroleum, and interacting with customers is important. In the course of delivering gas, employees could be involved in a car accident, or injured while lifting equipment; customers could claim that a distributor failed to deliver at an agreed upon time; or a disaster could result in a petroleum shortage and increased public demand. To safeguard their business against these and other risks, company owners should make sure that they have sufficient Petroleum delivery insurance and commercial insurance coverage. With the right policy in place, their business can continue to operate, and its property and assets can be protected, in case of a loss or claim.
A local independent commercial insurance agent will serve as a valuable resource for petroleum distributors interested in buying a new business insurance policy, or supplementing existing coverage. An experienced independent agent, knowledgeable about the gas delivery industry and familiar with the concerns of these business owners when it comes to buying coverage, can guide them in selecting the proper policy. He will answer owners’ questions about particular kinds of coverage for a distribution or delivery company, and describe options for policies available from a number of different insurers, along with the provisions, exclusions, and limitations included in each.
A local independent insurance agent can help petroleum delivery business owners choose commercial insurance that is tailored to their organization. He will review whether a business has more than two full-time employees, or more than one owner or director. He might also want to find out whether a company performs any services other than gas delivery, and will ask about how long a distributor has been in operation, and whether it runs out of a single location, or has multiple work sites.
In the course of working with a licensed independent insurance agent, business owners can expect that the agent may request to meet at their business premises. He might ask to tour the facilities to assess the condition of the building, whether it is a historic or one-of-a-kind property, and to determine whether plumbing, heating, and ventilation systems on site have been recently serviced or updated. He may also want to see any machinery or equipment used by employees, and will want to know if the organization’s building is located in a high crime area.
A seasoned independent insurance agent may inquire about a petroleum distributor’s past claims, and if a business has had a loss in excess of $10,000 in the past three years. He will want to know about an organization’s annual business income and expenses, along with whether its building is located adjacent to any high risk exposures, like an abandoned warehouse. He may also want to know about the kinds of vehicles used by a distributor for petroleum delivery, and will probably ask about workers’ prior gas distribution experience. He will also want to know whether trucks travel on interstate highways, require oversize or heavy load permits, or have an individual value of $125,000 or more, and he will probably ask about driver training practices, selection and hiring procedures employed by a gas distribution company, and whether workers are hired on an employee, or contractor basis.
Distributors with fleets will need to disclose driver’s license numbers and vehicle values as well as loss and incident histories.
By connecting with a local independent insurance agent who knows about the significant factors to consider in choosing commercial insurance for a petroleum delivery business, owners of these companies can receive advice on selecting the proper policy to keep their organization covered. They can discuss various kinds of commercial insurance coverage for their business, including building property coverage, auto insurance, and workers’ compensation coverage, and learn about premiums and endorsements. With a commercial insurance policy through a licensed independent insurance agent, gas distribution and delivery business owners know that in case of an accident, theft, property damage, or loss, they have the right coverage in place to keep their company secure.
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