Your convenience store keeps Illinois moving – early mornings, late nights and everything in between. Whether you’re selling gas, snacks or lottery tickets, your business faces unique risks. That’s why it's important to have the right insurance to safeguard your success. We believe in your business and want to help you protect it, so here's a quick guide to the coverages most convenience store owners in Illinois choose.
Convenience stores in Illinois 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!
Here are five essential coverages every convenience store owner should consider to stay protected and profitable:
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:
CONVENIENCE STORE PROPERTY INSURANCE Helps repair or replace your space and equipment if disaster strikes – like fire, theft, or vandalism. Examples:
BUSINESS INTERRUPTION INSURANCE Replaces lost income if you need to temporarily close your store due to covered property damage.
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:
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:
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.
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.
Every convenience store is unique. We’re fans of your business and here to help you protect it. Mylo has been innovating insurance for ten years. We know how to connect people and businesses to the coverage they need, fast. Because we don’t sell our own insurance, we can give you an objective recommendation.
At no charge to you, we will: