New Online Insurance Calculator Available for Independent Operators

Instant online estimates include coverage for fuel sales, restaurants, car washes, pumps, spoilage and more.

April 29, 2015

NORMAN, Okla. –The Convenience Store Alliance (CSA), the Phillips 66 branded retailer buying program, has announced a new property and liability insurance offering, along with the rollout of an online premium calculator.

Convenience store operators can go to the group’s online calculator, plug in a few numbers regarding their businesses and instantly view premium estimates for general liability and property insurance.

As part of the standard CSA plan, the new program includes spoilage insurance to cover instances such as electricity outages resulting in spoiled merchandise. It also includes insurance for business income interruptions, benefiting business owners with inoperable stores damaged by storms or other natural disasters.

CSA’s membership of roughly 1,000 stores has enabled CSA preferred supplier Tedford Insurance to negotiate the policy with a new national carrier, Philadelphia Insurance Companies, resulting in more competitive rates for independent operators across the United States.

“We’ve been able to put together an aggressively priced program that features a quick, easy online calculator that, to my knowledge, is the first of its kind in our industry,” said Tedford Insurance CEO Mark Kochner. “This program allows us to offer coverage that is specifically designed for convenience stores. We look forward to working with our CSA members to help them understand the terms, conditions, and options that have been made available to them.”

CSA helps independent convenience store operators nationwide to compete with large chain stores by giving storeowners access to reduced costs on high-quality products, valuable resources to boost business efficiency and solutions for business growth. For the western half of the United States, Convenience Store Alliance is the Phillips 66 Branded Retailer Buying Program and is available to over 7,000 branded sites that currently sell Phillips 66, Conoco or 76 branded gasoline. Dealers and fuel distributors outside the exclusive territories are also eligible to participate, regardless of brand affiliation. For more information, visit cstorealliance.com .

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