When you also have equipment or operate from a store
All Basic plan benefits and:
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
Business Owners Policy (BOP) combines General Liability and Commercial Property into one convenient policy. It typically includes key coverages including business income, theft, and other liability. This insurance is great for those who aren't sure of the needed coverage and are just starting out. These offer better savings than purchasing individual insurance policies.
Workers' Compensation will provide medical or rehabilitation benefits and wage replacement to employees who become sick or injured on the job. The insurance then relinquishes the employee's rights to sue your business for negligence; thus, saving both your business and your employee from the lengthy and expensive court trials.
Crime insurance covers your merchandise, money and other property loss resulting from business-related crimes. It will cover the cost to replace merchandise or damaged property when your business is victimized by forgery, robbery, securities theft, and other related crimes.
Product Liability insurance will protect your business against claims of property damage or personal injury caused by the products you sold or supplied through your business. If customers claim injury or income losses this insurance will cover you. It is designed to protect your business, and make sure that if it happens you don't have to pay for any legal fees or court costs.
If you own a convenience store, you may want to shield it from financially damaging risks. Without insurance, your business is likely to pay for all property damage, personal injury, and lawsuits from your own pocket. This means that coughing up a huge amount of money before, during and after an incident. Any business won't be able to survive this huge expense, not without insurance.
The building your convenience store is at whether rented or owned can be at risk of property damage due to fire, theft, vandalism, flood, storm and other natural disasters. The contents of your store can be at risk too since those that were damaged by the fire or storm can no longer be sold. Everything would need to be replaced.
The equipment you use in your convenience store like the coffee maker, sandwich maker, the refrigerator could malfunction. Because convenience stores frequently sell food, a malfunctioned freezer can make your food to go bad. In either of these situations, the complete replacement would be expensive.
The cost of insurance varies based on a lot of factors. The most influential factors are the business type, the number of employees and the coverage needs. Without taking these factors into account, these are the usual average costs:
To know the exact cost of your insurance policies, simply apply for a quote online or contact our customer service representatives.
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