Convenience Store Insurance

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:

• General Liability costs around $500/year.
• Business Owners Policy costs around $900/year.
• Commercial Property is around $400/year.

To know the exact cost of your insurance policies, simply apply for a quote online or contact our customer service representatives.