Novelty, Souvenir & Gift Shop Insurance

Get business insurance with optimized coverage to meet your exact needs

Prefer to speak with a CoverWallet consultant? Call (646) 844-9933 anytime.

Better, Regardless of Your Size

  • With fast processing, apply and get insured today

  • Get back to selling souvenir and novelty items in minutes

  • We’ve created the best insurance for your business

  • Professional, risk-free service for your business

Coverage Plans for All Your Needs


Essential coverages to meet client demands

General Liability (GL)

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  • Coverage against claims from bodily injury, property damage and personal injury
  • Coverage for products/completed operations


When you also have equipment or operate from a shop

General Liability + Property (bundle them with a BOP)

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All Basic plan benefits and:

  • Bodily injury
  • Damage to third party property
  • Business personal property
  • Personal injury
  • Lost business income
  • Equipment breakdown


Get protected against employment-related issues

Business Owners Policy (BOP) + Workers Compensation*

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All Standard plan benefits and:

  • Coverage for work-related accidents and disease and subsequent:
    • Ongoing medical care (such as rehab)
    • Missed wages during recovery

*plus Workers Compensation


When you have specific requirements

Including Business Interruption, Cyber Liability, etc.

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We will take care of the switching hassle.

Call us at (646) 844-9933 for help and more information

We've Got You Covered with Coverage You Need

Act Now, Get Protected Easily, Quickly and Affordably

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Start your application and get a free quote in minutes.

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Frequently Asked Questions

Why do Novelty, Souvenir and Gift Shops need insurance?

Establishments in this industry consist of shops that sell, greeting cards, Christmas items, stationery, office supplies, souvenirs, balloons, and gifts.

Gift, novelty, and souvenir stores need insurance because it protects your business from the many known and unknown risks that it could face. A slip and fall claim, for example, could instantly drain your business and personal assets, but with insurance, these are protected.

What risks do Novelty, Souvenir and Gift Shops face?

Below are the risks your business stores can face:

  • You are probably selling things made of paper, plastic or plastic goods. These are susceptible to fire, flood, smoke, and other related risks.
  • You have collectibles that are made of glass, ceramic, pottery or other materials that could easily be broken. These are susceptible to getting broken regardless of how secure the display area is.
  • Even the most secure store can be shoplifted.

These are just some of the many risks that your business can face.

How much does Novelty, Souvenir and Gift Shop insurance cost?

The cost of insurance for novelty and souvenir stores will depend on the size of your store, the coverage you need and the number of employees you have. Without taking these into account, below is the average cost of insurance for most gift novelty and souvenir stores:

  • Business Owners Policy (BOP) costs around $900 in annual premiums.
  • Business Interruption insurance costs $600 in annual premiums.

Peace of Mind, At Your Fingertips

CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.

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There is nothing more that CoverWallet could have done to make the process any faster or easier. They made it as painless as possible.

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I was extremely satisfied with all services and communications with customer support. I would definitely recommend to others. Thank you CoverWallet!

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