Hurricane season is always a time of year in which everyone along the Gulf coast (Texas through Florida) and the East Coast brace for impact. From businesses to schools, local governments to neighborhoods, everyone takes precautions when it comes to being ready for possible destruction that can come their way. And rougher-than-usual hurricane seasons in recent years, including major storms such as Harvey and Maria, education around preparing for hurricanes is more vital than ever.
This rings true for those in the oil, gas and fuel industries. Many of the major corporations that line the coasts have a foundation in these industries, making it easy to see the overall economic impact that can hit the regions. When providing insurance for fuel and propane dealers, it’s important to understand the risks as well as the overall potential losses that may accrue.