Liquid Petroleum Gas Distributors’ Insurance

The liquid petroleum gas distributors’ industry, like many other industry sectors, has its high share of risks annually. Due to the nature of the work being performed, it is not uncommon for LPG professionals to encounter claims stemming from workplace injuries, property damage due to work performed, or other associated risks. Professional LPG distributor companies should always carry the proper insurance to protect themselves from these incidents. Without the right coverage, claims of this nature ultimately can destroy even the largest LPG distributor businesses.

General liability is the most essential liquid petroleum gas distributor insurance coverage a LPG professional should have for their day to day operations. General liability coverage will protect your business in the event a bodily injury or property related claim arises from your work. Workers’ Comp insurance is also necessary if you have employees, regardless if they are full-time or not. A commercial auto policy will protect your vehicle fleet by providing coverage that a personal auto policy normally will not be able to meet. Whether you’re based from home or have a physical office location, commercial property insurance will not only cover the building location, but also provides insurance on the tools or equipment you have stored there. An inland marine policy will protect any of the equipment you are transporting to and from jobsites.

The amount of insurance you carry is largely driven by the type of work you do and the size of your operation. For residential work, homeowners will be more comfortable with a LPG distributor business they know has adequate insurance coverage. It is best to have more insurance than you feel is needed because in the unfortunate event a claim occurs, you don’t want to risk your business you spent years building.

Liquid petroleum gas distributor business insurance cost varies from company to company. There are several factors that influence the cost of insurance, ranging from the size of your business, the assets you want to protect, and the area you work in. Additionally, LPG business insurance costs may be higher depending on the type and scope of the work your business performs. If your LPG distributor company generally undertakes higher risk work or utilizes heavy equipment, you are likely to see a higher premium cost because of the higher rate of exposure your business faces.

The most common claims seen by liquid petroleum gas distributor insurance companies vary from property or bodily injury due to work performed, commercial vehicle accidents, and workers’ compensation claims from work related injuries. The most common accidents LPG distributor and maintenance professionals encounter in their work range from transportation-related injuries or equipment related injuries.

In the event of a LPG distributor or maintenance related incident caused by your work, the first step is to document the incident in as much detail as possible. Make note of who was involved, the work being done when the incident occurred, and any injuries or damage that occurred. Next, contact your business insurance carrier to report the incident and provide them with as much detail as necessary. As a PropanePro client, you’ll be able to utilize our expert claims center to help you manage your claims and ensure your business continues operating without interruption.

PropanePro offers every client premier service they need to keep their operations running. Our approach is to provide you with the coverage and protection you want and expect from your LPG distributor business insurance. Additionally, PropanePro helps you to reduce claims by providing access to our world class risk management services, expert claims assistance, and more. With over 30+ years of industry experience, PropanePro knows exactly what LPG distributor professionals need out of their insurance coverage.