What are the requirements for worker's compensation insurance for a Petro Stopping Center?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
ance with all state, local and federal regulations, which is inclusive of the entire Petro Center and Site as well as all USTs (underground storage tanks), or if the state where located has a tank fund, then coverage for USTs to equal five million dollars ($5,000,000) with excess coverage.
- (e) Worker's compensation insurance in amount
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 37–42)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, franchisees must obtain worker's compensation insurance. The specific amounts of coverage required are dictated by the applicable laws in the state where the Petro Stopping Center is located. This means a franchisee needs to be aware of their state's specific requirements for worker's compensation insurance and ensure their policy meets those standards.
In addition to worker's compensation, Petro Stopping Center requires franchisees to carry employer's liability insurance with limits of at least $1,000,000 per accident. The policy must list Petro Stopping Center and its Affiliates, directors, officers, agents, and employees as additional insureds. This protects Petro Stopping Center from potential liabilities related to employee injuries or accidents.
Petro Stopping Center also mandates franchisees obtain and maintain other insurance policies, including comprehensive general liability insurance ($10,000,000 limit), property insurance, commercial automobile liability insurance ($5,000,000 limit), and pollution legal liability insurance ($5,000,000 limit). The franchisor can modify these minimum insurance requirements and notify franchisees of changes in writing. All insurance policies must be issued by carriers licensed and admitted to write coverage in the state where the site is located and are rated A- or higher by A.M. Best and Company, Inc. No deductible may be greater than $500,000.
It is important for prospective franchisees to fully understand all insurance requirements and associated costs, as these can significantly impact the overall investment and operating expenses of a Petro Stopping Center franchise. Franchisees must furnish Petro Stopping Center with a Certificate of Insurance showing compliance with insurance requirements and provide copies of the required insurance policies.