Oh, No! The Claim’s Not Covered!

By Frank Thompson on Dec 09 in BPN News.

Oh, No! The Claim’s Not Covered!

By Frank Thompson… This statement drives fear into every propane marketer and their insurance agent’s heart. However, this statement that a claim is not covered could be you, if you are providing dispenser equipment to a non-owned bottle fill site.

The insurance company wants you and your company to be able to sell more propane. They have asked numerous questions about your safety procedures in order for you to get a quote from them. They must be satisfied that you are capable to sell and deliver propane safely before they insure you.

Their quote provides property, general liability, and auto coverage for your company. It does not cover the interest of non-owned third parties that utilize your equipment to sell and dispense propane.Read More

Frank Thompson

Frank B. Thompson is a chartered property and casualty underwriter based in Phoenix. He is the owner of PT Risk Management, an independent insurance company specializing in writing propane and petroleum risk policies throughout the U.S.