Convenience Store Insurance in Massachusetts

WHAT IS IT? WHO NEEDS IT? COVERAGES OFFERED

Convenience store insurance is specialized commercial insurance for convenience stores and similar businesses. Policies typically come with a combination of liability and property protections.

Not insuring a business can leave it exposed to many potentially expensive risks, and this tends to be the best type of insurance for these businesses.

Building Coverage, which might cover an owned storefront building
Tenants Betterment Coverage, which might cover fixtures in a leased storefront space
Property Coverage, which might cover fixtures, equipment and inventory

What is convenience store insurance?

Operating a convenience store requires substantial investment, and that investment ought to be protected when possible. Convenience store insurance can help Massachusetts store owners protect their businesses from many different risks.

Convenience store insurance is specialized commercial insurance for convenience stores and similar businesses. Policies typically come with a combination of liability and property protections.

What businesses in Massachusetts should purchase C-store insurance?

C-store insurance may be right for convenience stores, small general stores, mom-and-pop shops, corner stores, stands and bodegas. Most Massachusetts businesses like these should consider a policy.

Not insuring a business can leave it exposed to many potentially expensive risks, and this tends to be the best type of insurance for these businesses.

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When I called the staff at Paul T. Murphy Insurance, they explained how auto reform would allow me to increase coverage and save money at the same time. I moved my home and umbrella insurance to my current auto carrier and saved over $350. In July 2008 when my auto insurance renews with Safety Insurance, I will save another $300 just for having my auto and home insurance with the same company. The staff at Paul T Murphy Insurance Agency really understands the new Massachusetts reform and how to pass savings and additional coverage to their clients.

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Winchester, MA
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Mark Anderson

Marketing Director
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Mark Anderson

Marketing Director

What coverages are available through C-store insurance policies?

In order to provide robust protection against a range of risks, most C-store insurance policies come with a variety of coverages. These typically include both property coverages and liability coverages.

Property coverages generally protect against damage to or loss of physical assets. Some property coverages that C-store policies might offer are:

Building Coverage, which might cover an owned storefront building
Tenants Betterment Coverage, which might cover fixtures in a leased storefront space
Property Coverage, which might cover fixtures, equipment and inventory
Spoilage Coverage, which might cover perishable items if they spoil during a disaster
Equipment Breakdown Coverage, which might cover vital equipment that malfunctions

Liability coverages generally protect against situations where a business could be sued. Some liability coverages that might be available are:

General Liability Coverage, which might cover “slip and fall” accidents occurring in a store or parking lot
Product Liability Coverage, which might cover injuries, illnesses and property damage caused by sold products
Pollution Liability Coverage, which may cover fuel contamination of the immediate surrounding area
Liquor Liability Coverage, which may cover incidents involving customers who purchased alcohol
Cyber Liability Coverage, which might cover online attacks, data breaches and other digital risks
Employment Practices Liability Coverage, which might cover employee-filed discrimination claims
Umbrella Liability Coverage, which might cover expensive lawsuits with additional, secondary protection

Stores may also choose to purchase commercial auto coverage, business interruption coverage or others. An insurance agent who specializes in C-store insurance can help review all available coverage options.

Do convenience store policies protect against damage caused by floods?

Most C-store policies don’t include coverage for flood damage, instead leaving stores that want this protection to purchase it separately. A knowledgeable insurance agent can help with procuring a separate flood policy if this risk is a concern. Flood policies might be available through a national subsidized program or via the private market.

How much are convenience store policies’ premiums?

The premiums charged for convenience store policies are based on many factors and thus vary from one policy to the next. A store’s location, size, annual sales, product mixture, and other details can all impact the cost.

The quickest and easiest way to find out how much insuring a particular store would cost is to compare customized quotes with an independent agent. Independent agents are free to request quotes from several insurance companies in the state.

How can store owners in Massachusetts get convenience store insurance?

For help insuring a convenience store or similar store that’s in Massachusetts, contact the independent insurance agents at Paul T. Murphy Insurance. Our agents have worked with many different businesses, and know convenience store policies well. We have the expertise necessary to help you find a convenience store insurance policy that’ll provide the protections your store needs.

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This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.