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Convenience Store Insurance

Your Convenience Store is Likely to Contain a Wide Variety of Products that may Need Specialist Cover. Our Flexible Convenience Store Business Insurance Policies can be Tailored to your Specific Needs

smei has access to a number of products provided by a selection of UK insurers, and may be able to tailor cover to suit the requirements of your convenience store.

Our flexible approach allows us to cater for “non-standard” risks such as:

  • Premises with flat roofs.
  • Risks with high sums insured.
  • Start-up businesses.
  • Proposals that have had large claims (including fire or flood).

Please note we are unable to offer quotations to businesses located in Northern Ireland.

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Premiums from as little as

£613

In the last 12 months our customers have paid as little as £613 per annum for convenience store insurance. That’s just £12 per week!

50% of our convenience store customers paid less than £1,111 per annum.***

Why Convenience Store Insurance is Important

Shops like Your Convenience Store in Barrowford, Lancashire (pictured above) often rely on the local community for their trade. It is important for these small businesses to take out the right business insurance in order to make sure their business is protected, and their livelihood secured.

It is likely that a convenience store may hold cash and stock, some of which may be left overnight. It’s critical that you have the right protection in place should the worst happen, and you fall victim to a break-in or theft.

It is also important to protect yourself from claims that may be made by customers when shopping in your store, for example this may be down to a slip due to spilled liquid which can be covered by public liability insurance.

Securing the right convenience store business insurance is critical to help aid the smooth running of your business. Speaking with an insurance expert about your business and the risks and issues you face, may help ensure you take out the right type and level of cover for your individual needs.

About the Convenience Store Industry

Convenience stores provide us with the chance to “pop-in” and grab those items that we all seem to need in everyday life.

Often, they will stock a wide variety of different products; from newspapers to pet products, as well as food, drink, and other household items.

Convenience stores are often found in neighbourhoods, providing their services as an independent store to the local people. They may not be the place that you would complete your weekly shop, however, when you have run out of milk or want the daily newspaper, they can be the shop that you turn to.

* Please click here to view our pricing disclaimer.

** Standard and optional cover may differ dependent upon insurer.

*** Data compared from 45 policies sold in 2023.  10 customers paid £613 or less,  which represents 22%. £12 per week is based on the annual premium divided by 52 weeks. However, paying monthly is usually more expensive as you'll pay interest. Amounts are rounded up or down to the nearest £1.

Frequently asked questions

Different types of charity shops have varying needs of protection. For example, your charity shop may sell everything from clothing and books, to electrical items such as televisions and sound systems, or you may need cover for fundraising events and activities. The policies that you include in your charity's insurance package may be influenced by a number of factors, including the size and nature of your charity, and the work it carries out. Why not speak to one of our advisers and let them know your requirements, and we'll look for a policy that best suits your needs.

If you have employees, by law you need employers liability insurance. This protects you if an employee becomes injured or seriously ill as a result of working for you. As you have members of the public filtering in and out of your charity shop, pubic liability insurance is essential. This cover will protect you if a shopper has an accident or stock is damaged as a result of you or your employee's negligence. For charity shops, stock insurance should be a high priority. Without your stock, you wouldn't be able to run your business. This type of cover protects you if your stock is damaged or stolen and needs replacing.

As you constantly have members of the public filtering in and out of your supermarket, pubic liability insurance is essential. This cover will protect you if a shopper has an accident or their property is damaged as a result of you or your employee's negligence. If you have employees, by law you need employers liability insurance. This protects you if an employee becomes injured or seriously ill as a result of working for you. Stock insurance should be a high priority. Without your stock, you wouldn't be able to run your business. This type of cover protects you if your stock is damaged or stolen and needs replacing. It can also be increased around key dates when you would carry goods that are more expensive than usual, like at Christmas for example.

Each supermarket has varying needs of protection. For example, your supermarket may have an onsite bakery or you may have a large amount of frozen stock that you need to insure. Speak to one of our advisers and let them know your requirements, and we'll look for a policy that best suits your needs.

The cost of your insurance policy depends entirely on your needs. Our flexible policies can be adapted to fit your requirements and your budget too. For example, multiple options may be available from our panel of insurers - each with differing features and prices. We will find you several possibilities so you can make an informed decision on which option is best for you.

Some types of insurance may be a legal requirement. Others will protect you and your supermarket in the event of a claim but are not compulsory. Not having the right insurance or inappropriate cover for your supermarket could be a false economy. For example, if you don't have public liability insurance and a customer trips over a box left on the floor you may be liable to pay costs of compensation. Therefore, it's important to consider all the risks facing your supermarket and match your insurance protection to your requirements which should provide you with peace of mind that a potential claim won't damage your business.

Some types of insurance may be a legal requirement. Others will protect you and your bike shop in the event of a claim but are not compulsory. Not having the right insurance for your bike shop could be a false economy. For example, if you don't have public liability insurance and a customer trips over equipment or boxes on the floor, you may be liable to pay compensation costs. Therefore, it makes sense to match your insurance protection to your requirements which should provide you with peace of mind that a potential claim won't damage your business.

Some types of insurance may be a legal requirement. Others will protect you and your charity shop in the event of a claim but are not compulsory. Your charity will likely be interacting with members of the public on a daily basis, which means there's a risk of your charity's activities causing injury, illness or property damage to a third party. If an unexpected situation occurs, then you could be held liable for the damage, and financially responsible for legal fees and compensation. Public liability insurance for charities could cover you in this situation.

For bike shops, stock insurance should be a high priority, especially given the value of the products you are selling. Without your stock, you wouldn't be able to run your business. This type of cover protects you if your stock is damaged or stolen and needs replacing. It can also be increased around busier seasonal periods when you may offer bikes and equipment that are more expensive or exclusive.

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