FAQ_category: (HIDDEN) Industry FAQs

Yes. If your store handles those additional risks, you’ll want extra protections: 

• Liquor Liability for sale/service of alcohol, to cover harm caused by intoxicated customers. 

• Environmental Liability especially if you have fuel pumps or store combustible substances. 

Yes! Provided you have the right coverages: 

• Commercial Property and Contents Coverage helps with inventory, fixtures, equipment stolen or damaged on premises.  

• Employee Dishonesty  or Theft Coverage is specifically designed for theft, internal theft, fraud etc.  

• Business Interruption can help recoup income losses when a theft or damage forces closure. 

On average, convenience store owners pay between $500-$1200 a year for protection.   

Cost can vary depending on your: 

• Location 

• Size 

• Value of Equipment and Tools 

Gild will work with you to find the right tailored coverage that fits your budget and your needs.

Convenience stores face a wide range of risks, so a robust insurance plan usually includes: 

• Business Owner’s Policy (BOP) – This package covers customer slips, inventory damage, and store property. 

• General Liability Insurance – Protects against third-party bodily injury (e.g., a slip-and-fall) and property damage, including product or advertising-related claims. 

• Workers’ Compensation Insurance – Required in most states; covers employee injuries from repetitive tasks, lifting heavy items, or workplace slips. 

• Commercial Auto Insurance – Necessary if your store includes delivery services using company vehicles. 

• Product Liability / Food Spoilage Coverage – An important extension that covers losses from spoiled or contaminated food or allergic reaction claims. 

Absolutely. Some added risks for wholesalers include: 

• Product recall coverage in case goods must be pulled back 

• Warehouse legal liability / bailee’s liability when holding client property or goods on consignment 

• Errors & omissions / professional liability if your advice, quality checks, or performance cause financial loss 

• Environmental / pollution coverage if storing or handling hazardous materials 

• Customs or import-export related risk coverage