Fuel Dispenser Malfunctions
An electronic motherboard in a fuel dispenser short-circuits, taking multiple pumps offline and requiring specialized repairs.
Coverage
Equipment Breakdown Insurance for Gas Stations
Protect your fuel pumps, payment terminals, and store systems from sudden mechanical or electrical failures.
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Equipment breakdown insurance for gas stations protects against mechanical and electrical failures of the essential equipment for the operation of the station, such as fuel dispensers, pump payment terminals, point-of-sale (POS) systems, and walk-in coolers. This protection is totally distinct from fire, storm or theft, which are covered by commercial property insurance. For a gas station, sudden gas station equipment failure directly halts your primary revenue stream.
What's covered
What Equipment Breakdown Covers
Equipment breakdown insurance for gas stations protects against internal electrical, mechanical, and pressure system failures:
Know the gaps
What It Doesn't Cover
Equipment breakdown insurance for gas stations maintains strict exclusions and does not cover:
Do you need it
Who Needs Equipment Breakdown Insurance
This coverage is an absolute must for virtually all station owners. While broken equipment is only a minor inconvenience in a standard retail outlet, having a broken dispenser in a retail outlet means that all sales stop at the pump. Standard general liability insurance or Business Owner's Policies (BOP) will not cover the internal mechanical failure when asking what happens during a fuel pump breakdown. Securing targeted equipment breakdown insurance for gas stations ensures your core revenue drivers get back online fast.
Pricing
What Equipment Breakdown Insurance Costs
Equipment breakdown insurance for gas stations typically costs between $200 and $600 per year ($17 to $50 per month) when added as an endorsement to a primary property policy, based on commercial benchmarks. Some of the primary factors that will determine your rating are the age, quantity, and replacement value of your dispensers, credit card terminals, and refrigeration systems.
Review complete underwriting details on our gas station insurance cost breakdown page.
What a claim looks like
Example Claim
A main circuit board in a double-sided fuel dispenser short circuits during rush hour in the morning, effectively closing two fueling lanes. Equipment breakdown insurance for gas stations provides $4,200 for the emergency technician's repair or replacement work and replaces $1,800 in the loss of fuel profits during the outage, which is typically limited to two days. This coverage will help to keep small technical problems from becoming large financial losses.
How it fits
How It Fits With Your Other Coverage
This policy is used in conjunction with commercial property insurance to remove coverage gaps. Commercial property is triggered by external events, such as wind, fire, or theft, while equipment breakdown covers internal mechanical or electrical failures. If the loss is a long period, lasting into full operations, accompany this coverage with business interruption insurance to safeguard cash flow.
The power of choice
We shop 30+ A-rated carriers so you don't have to.
- Travelers
- The Hartford
- Chubb
- Liberty Mutual
- Nationwide
- Zurich
- CNA
- Progressive
- Philadelphia Insurance
- Berkshire Hathaway GUARD
- biBerk
- AmTrust
- Employers
- Grange Insurance
- Columbia Insurance
- Encova
- Admiral Insurance Group
- Attune
- Coterie
- ERGO NEXT
- AmWINS
- CRC Group
- RT Specialty
- Burns & Wilcox
- Jencap
- Bass Underwriters
- Jimcor Agencies
- CharityFirst
Common questions
Frequently Asked Questions
Isn't a broken fuel pump already covered by my property insurance?
No. Standard commercial property insurance only covers physical damage from external perils like storms, fire, or vehicle collisions. Internal mechanical or electrical failures require dedicated equipment breakdown insurance for gas stations.
Does this cover lost fuel sales while a pump is being repaired?
Yes. Equipment breakdown policies typically cover short-term lost income resulting from a covered failure. For extended operational shutdowns, pair this policy with business interruption insurance.
Get Covered
Keep your fuel pumps running and safeguard your daily revenue against sudden electrical or mechanical breakdowns. Secure tailored equipment breakdown insurance for gas stations today. Get your fast, free quote now from Insure C-Store.