Which insurance is NOT required from an applicant for a Class I Dealer permit?

In the context of obtaining a Class I Dealer permit, the requirement for insurance aims to ensure that businesses are protected against various liabilities. General Liability insurance covers third-party claims for bodily injury and property damage that may arise from business operations. Worker’s Compensation is crucial for covering employee injuries and is mandated by law in most areas, protecting both the employee and the employer in case of workplace accidents. Motor Vehicle insurance is also essential, particularly for a dealer, as it covers vehicles that may be used for transporting propane or other materials.

Property insurance, while beneficial for protecting the physical assets of the business, such as buildings and equipment, is not a mandatory requirement for the Class I Dealer permit. This distinction highlights that while property insurance can mitigate risks associated with physical losses, its non-requirement in this specific context doesn't diminish its overall importance for a business's risk management strategy. Thus, the understanding that property insurance is not a requisite differentiates it from the other types of coverage required for safety and operational compliance.