New insurance program designed for propane

PropanePro, a new insurance program tailored for the propane distribution industry, is an offering from NIP Group, a specialty insurance provider with over 35 years of experience, in collaboration with AmTrust Financial Services Inc., a U.S. insurer.

The program is designed for insurance brokers serving propane distributors engaged in retail delivery and sales of propane/butane across residential, commercial, industrial and agricultural sectors.

PropanePro is built on NIP Group’s commitment to safeguarding safety-conscious organizations, supported by a program underwriting team with over a decade of LPG industry expertise.

The new program addresses the individual needs of:

Residential distributors: Experienced propane marketers provide essential services to residential customers who rely on propane as a heat source for furnaces, water heaters, cooking equipment, interior appliances, gas grills, pools and more. These marketers reinforce their commitment to safety with their customers by mandating continuous propane handling education to staff, such as field technicians and vehicle maintenance mechanics.

Commercial distributors: Many propane marketers have a larger portfolio of residential customers compared to commercial clients, but the gallon distribution needs of commercial clients, including restaurants and industrial and agricultural customers, may be equal to or greater than their residential customer base. Those companies working in the commercial space implement safety practices that often exceed industry standards and include documentation of overall operations and service work performed.

PropanePro will serve companies in over 35 states, with additional state eligibility expected soon after launch. According to the companies, a key differentiator for PropanePro is its extensive product offering, including general liability, commercial auto, excess liability, workers’ compensation, property and inland marine, all from the same insurer.

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