This is an attractive market segment because there are limited carrier options and high premium opportunities in the petroleum oil and fuel dealer industry.
Bala Cynwyd, PA (PRWEB) January 11, 2013
Philadelphia Insurance Companies (PHLY), a leading property/casualty and professional liability insurance company for niche markets, now offers 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.
Philadelphia Insurance Companies’ multiple coverage options help protect the diverse range of businesses operating in the fuel dealers industry. In addition to 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 conveniently offers these coverages in one package policy that delivers protection for all lines.
“This is an attractive market segment because there are limited carrier options and high premium opportunities in the petroleum oil and fuel dealer industry,” said Stephen Jennings, Assistant Vice President of Underwriting for Philadelphia Insurance Companies. “There are only a handful of carriers who can write this exposure and most are very regional in nature. We can provide a nationwide, comprehensive insurance option through our network of independent agents to reach this underserved market.”
For more information on this insurance coverage, visit the Fuel Dealers page on PHLY.com. Businesses looking to obtain coverage from Philadelphia Insurance Companies should contact their independent insurance agent or a PHLY sales representative directly at 800-873-4552.
About Philadelphia Insurance:
Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. In operation since 1962, the Company, whose commercial lines insurance subsidiaries are rated “A++” (Superior) by A.M. Best Company and “A+” for counterparty credit and financial strength by Standard & Poor’s, is nationally recognized as a member of Ward's Top 50 and National Underwriter’s Top 100. The organization has 45 offices strategically located across the United States to deliver superior service. For more information, please visit http://www.PHLY.com.
Philadelphia Insurance Companies is the marketing name for the property casualty insurance operations of Philadelphia Consolidated Holding Corp., a Member of the Tokio Marine Group. In the United States, all products are written by insurance company subsidiaries of Philadelphia Consolidated Holding Corp. Coverage may not be available in all jurisdictions and is subject to actual policy language. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. Non-insurance products and services may be provided by independent third parties.