Protect your store and meet your legal requirements

Your convenience store keeps your city moving – early mornings, late nights and everything in between. Whether you’re selling gas, snacks or lottery tickets, your business faces unique risks. One surprise expense (a robbery, a fire or a customer who slips on a spilled slushy drink) can put your whole business at risk. That’s why convenience store owners like you look for affordable insurance that meets state requirements and protects their inventory, team and income. This guide breaks down:

Coverages required by most states
The most recommended protections
How to save money on business insurance
How to get fast quotes from top-rated insurance carriers

SHORT SUMMARY (because we know you're busy ringing up sales!)

Convenience stores face industry-specific risks that require customized insurance coverage.
A Business Owner’s Policy for convenience stores bundles general liability, property insurance, and optional business interruption coverage.
General liability insurance for convenience stores covers injuries and damages caused by your business, along with advertising-related claims.
Convenience store property insurance helps replace or repair damaged equipment, furnishings, and inventory.
Workers’ compensation for convenience store employees is required by Illinois and covers staff injuries and lost wages.
Commercial umbrella insurance for convenience stores provides extra coverage when other key policies reach their limits.
Crime insurance for convenience stores helps owners cover the costs of employee theft.
Cyber insurance for convenience stores covers data breaches, including regulatory fines and digital recovery costs.
Working with Mylo can help you find the right coverage at the best value!

FIVE BEST COVERAGES FOR CONVENIENCE STORES:

Here are five essential coverages every convenience store owner should consider to stay protected and profitable:

1. Business Owner's Policy for convenience stores

A business owner’s policy (BOP) is a smart starting point for convenience store owners. It bundles key coverages into one affordable package – ideal for new or growing stores. Your BOP typically includes:

GENERAL LIABILITY FOR CONVENIENCE STORES Covers legal and medical costs if a customer or other visitor is injured – or their property is damaged – while visiting your store. It also protects you from advertising-related claims. Examples:

A customers slips on a spilled drink and breaks their wrist
Your store is robbed and a customer is injured
A competitor accuses you of copying their logo or slogan

CONVENIENCE STORE PROPERTY INSURANCE Helps repair or replace your space and equipment if disaster strikes – like fire, theft, or vandalism. Examples:

A freezer malfunction ruins perishable goods
A burst pipe floods your store and ruins your flooring
Shoplifters make off with your merchandise

BUSINESS INTERRUPTION INSURANCE Replaces lost income if you need to temporarily close your store due to covered property damage.

Ready to get your free quote now? CLICK HERE

2. Workers' compensation for convenience store employees

If you have employees, Illinois requires workers’ compensation. It covers medical care and lost wages for staff injured on the job – and shields you from most employee lawsuits. Examples:

A cashier strains their back lifting product boxes
A stocker slips while mopping the floor
An employee is badly cut during food prep

3. Crime insurance for convenience stores

Because your business regularly takes cash and is open 24 hours, it's especially vulnerable to employee theft. Crime insurance for convenience stores helps you reimburse employee theft of:

Money
Liquor
Other merchandise

4. Cyber insurance for convenience stores

Because you take credit cards or may offer digital gift cards, you’re at risk for cyberattacks. Cyber insurance for convenience stores helps you recover from data breaches, pay regulatory fines and manage PR fallout.

5. Commercial umbrella insurance for convenience stores

Think of this as insurance for your insurance! A commercial umbrella insurance policy for convenience stores provides extra protection when other key policies like your general liability reach their limits.

THE BEST INSURANCE FOR CONVENIENCE STORE OWNERS

Your amazing store deserves protection that keeps up with your business. Mylo has been innovating insurance for 10 years. Because we don't sell our own insurance, we can give you an objective recommendation and find you the best value in your state – at no cost to you.

In minutes Mylo will:

Recommend the right coverage for your convenience store
Compare quotes from top-rated insurance carriers
Find you the best combination of coverage and price
Keep you feeling confident about growing your business!

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CONVENIENCE STORE INSURANCE FAQs

What convenience store coverages are required in most states?

If you have employees, almost all states require you to carry WORKERS' COMPENSATION. Most states don't require GENERAL LIABILITY, but many of your contracts with landlords, partners and vendors will. If you have company-owned or operated vehicles, most states also require you to carry COMMERCIAL AUTO.

Why should I shop for a BUSINESS OWNER'S POLICY (BOP)?

A BUSINESS OWNER'S POLICY saves you money by combining GENERAL LIABILITY (which helps you pay for medical expenses or lawsuits if someone is accidentally injured in your space) with PROPERTY (which helps repair or replace your lost, stolen or damaged business property) and BUSINESS INTERRUPTION (which compensates you for lost revenue because of property damage). Also, "BOP" is fun to say. We won't judge.

What special risks do I have as a convenience store owner?

You're dependent on your physical store and inventory and also serve large numbers of people who are vulnerable to accidents. Because you carry cash, you may be a tempting target for employee theft.

What are some ways I can save money on insurance?

You may be able to bundle your most essential coverages (GENERAL LIABILITY, PROPERTY and BUSINESS INTERRUPTION) in a money-saving BUSINESS OWNER'S POLICY. In addition, Mylo makes it easy to compare the best quotes from multiple top-rated carriers so you can find the right coverage at the best value.

How do I get a Certificate of Insurance (COI)?

A CERTIFICATE OF INSURANCE provides proof to your clients that they can do business with you and not be on the hook financially if something goes wrong. Once Mylo has helped you purchase a policy, you can request a free certificate of insurance (COI) directly from your new carrier. Contact information for your insurance carrier will be included in the email your Mylo agent sends out with your policy documents.

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Ready to untangle another tricky topic?

Protect what matters: your business

Why business insurance? That’s easy – it’s designed to keep you in business. When certain losses come along, you can dodge bankruptcy and stay on top of your game.

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When should I shop for a BOP?

Good news: if you’re a BOP holder, you always get the “special” top tier of business insurance. You’re platinum, baby! Learn more benefits & options.

The right coverage for you? Surprisingly simple.