Transporting hazardous, flammable materials like butane and propane is a risky business. Of course, when done with care and risk management, this work can be performed safely. Still, insurance for butane and propane hauling is critical to keep the business going while protecting people, vehicles, and the environment.
Butane and propane add more elements of risk to hauling, which is already a risky industry. Gasses are pollutants, toxic, flammable and often explosive. One collision or incident can do a lot of damage and cost a lot of money. Gas haulers have a great need for insurance.
Insurance producers can add to their own business by writing insurance for butane and propane hauling companies. Prime Insurance Company works in partnership with producers like yourself, adding to the markets you can offer instead of competing with your existing markets. There are many forms of insurance for butane and propane hauling companies, and we work with you and your client to ensure they have the right protection.
Coverages for Butane and Propane Hauling Businesses
Many situations in butane and propane hauling call for insurance coverage. The following are just a few examples of the ways your clients could benefit from this insurance. As always, we are here to tailor our underwriting to the needs of policyholders.
Automobile liability coverage protects butane and propane haulers in the event of property damage or injury owing to a commercial vehicle. Trucking accidents often come with large lawsuits, and the volatility of fuel makes these accidents that much more impactful.
In Traverse City, a couple was awarded more than $2.3 million in damages for injuries sustained in a crash with a propane tanker. At the time, it was the largest personal injury resolution in that court for at least 25 years, covering past and future damages. The accident happened when the truck driver drove through a curve, crossing the center line and colliding with a pickup truck. The couple was seriously injured.
Pollution liability assists haulers in the event of accidental discharge of fuel, while contamination and spoilage coverage addresses contamination or deterioration damage. The cleanup for these types of incidents can be extensive and expensive because of the nature of butane and propane.
In Illinois, the attorney general filed suit against a trucking company after a major fuel spill that allegedly contaminated a pond. The lawsuit sought to force the company to clean up the spilled fuel immediately, prevent future spills, and imposed civil penalties on the company.
Another form of insurance – coverage for erroneous delivery – provides protection if the wrong fuel is delivered or fuel is delivered to the wrong receptacle or location. It’s clear that there are many ways butane and propane hauling can lead to risk exposure. Our in-house teams will help butane and propane hauling companies stay safe and compliant with any regulations. And, if claims do arise out of their hauling business, we also work quickly to fairly handle those claims.
Partner with Prime Insurance Company for Insurance for Butane and Propane Hauling
We know that butane and propane hauling is risky, but that does not stop us from working to find insurance for your clients. In fact, we are well-known for our approach to specialty markets and extreme risks, innovating solutions even when coverage has been declined previously. We know that your clients need appropriate insurance coverage to thrive. We are willing to exhaust every avenue to find the policies they need.
We also know that your clients want to know what is going on with their insurance and with any claims they make. At the same time, insurance producers need to know what is happening with policyholders. We offer direct assistance to policyholders, online and over the phone, 24 hours a day, seven days a week. Insurance producers are copied on all communications and invited to any meetings, including risk management visits.
Our goal is to expand your opportunities, providing liability solutions for specialty risks like butane and propane hauling. You do not need to pass on risks. Instead, you can embrace these expanded markets and write more business. We are your partners every step of the way, working in close collaboration and seeking mutual benefits.
Add more value to what you offer by partnering with Prime Insurance Company to meet butane and propane hauling clients’ needs. It’s easy to get started with an online application for a quote. We work quickly to return a quote to you so you can get to work. For any other information or to ask questions, reach out to us. You can call Prime Insurance Company at 800-257-5590 or email us at email@example.com. You can also check us out on social media, on Facebook, Twitter, YouTube, LinkedIn, and Instagram.
Authored by Rick J. Lindsey, CEO, President, and Chairman of Prime Insurance Company
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. Prime Insurance also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are Prime Insurance can help.