Philadelphia Insurance Cos. (PHLY), a property/casualty and professional liability insurance company for niche markets, is now offering insurance coverage specifically designed to protect fuel dealers. Several types of businesses are eligible for coverage under PHLY’s product, which is specifically designed for liquid propane, home heating fuel, bulk oil sales, convenience/retail stores, and wholesale fuel dealers.
PHLY features other coverage options for those in the fuel industry including: pollution, auto, and other more common coverages, PHLY offers specialized protection for terminal access cards, liquor liability, and E&S coverage for hard to place exposures. PHLY also offers higher sub-limits for many of the typical coverages which are unique to fuel dealers such as: $50,000 for surface water contamination of gas; pollution from above ground storage tanks, or erroneous delivery. PHLY’s new product offers these coverages in one package policy that delivers protection for all lines.
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