FAQ_category: (HIDDEN) Industry FAQs

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 

Yes! When you have the right policy structures. For example: 

• Inland marine / transit insurance covers merchandise while it’s moving between locations (warehouse to customer, etc.) 

• Property + warehouse coverage protect inventory when stored on-site 

• Off-site or “stock in transit” end 

Endorsements can fill gaps not covered under standard property policies. 

On average, Gilders 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. 

Wholesalers typically need a suite of coverages to protect both physical assets and operational risks: 

• General Liability – covers claims of bodily injury or property damage caused by your operations or products 

• Commercial Property – protects your warehouse, inventory, fixtures, and business equipment 

• Business Income / Interruption – covers loss of revenue if operations are halted due to a covered peril 

• Product Liability – protects against claims arising from defects or harm caused by distributed products 

• Cyber Liability – needed if you handle customer data, online orders, or investment in digital systems 

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