Woman at Gas Pump

Every California gas station faces risks. Gas station in the Golden State are highly-trafficked. And they might also sell food, personal goods and convenience items. This means gas stations tend to bring in a lot of cash. For this reason, many would-be thieves consider gas stations as easy targets.

Fortunately, there are steps you can take to protect your gas station against theft risks. First, you can invest in appropriate property insurance coverage. Second, you can use security measures improve your gas station's protection.

Get Property Insurance

Gas prices in California are among the highest in the nation. Prices generally range from around $2.50 to $2.75 per gallon. There were also more than 35 million registered vehicles and 26 million drivers' licenses active in the state in 2016. This means

California gas station owners have a substantial opportunity to profit from the state's high traffic volume.

However, should theft or vandalism strike your gas station, it could mean a massive loss. Thieves may make off with your inventory and cash assets. They may also cause extensive property damage. The need to repair and replace stolen items may lead to further financial challenges.

However, losses, repairs and replacement don't have to break the bank. The appropriate property insurance can help California gas stations recover from theft risks.

Most gas station policies protect the property from theft and resulting property damage. However, you should make sure your policy covers specific losses — such as personal belongings left on the property, business property and inventory, and all cash and monetary reserves on the property.

There are many additional property items that these policies may cover. Ask an agent for help to make sure your policy covers any specified risks.

Steps to Further Protect Your Property

Even with insurance coverage in tow, gas station owners still face the ever-present risk of theft. However, if you can take steps to prevent theft in your gas station, you might reduce the chances of having to file a claim.

Here are some recommendations:

  • Install recommended theft-deterrent systems throughout the business. These may include alarm systems, in-house video systems and silent alarms.
  • Install theft-proof devices around your gas tanks. You can also keep high-value items — such as liquor or cigarettes — behind lock and key.
  • Train all employees in proper safety techniques. For instance, many gas stations keep their employees behind secured counters. This can make it harder for potential thieves to take action.

As a responsible gas station owner, it makes sense to keep a constant eye on your establishment. A watchful eye may spot suspicious activity before it gets worse.

Call Exceed Insurance at (925) 408-3030 today! We can help you get a free California gas station insurance quote.

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