Premiums from as little as
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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Standard Covers**
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Accidental damage.
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Book debts/accounts receivable.
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Business interruption.
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Contents insurance.
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Employers liability.
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Glass.
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Money in safe.
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Money on premises.
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Public and products liability.
Optional Covers**
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Buildings cover.
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Embedded breakdown.
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Goods in transit.
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Legal expenses.
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Loss of rent receivable.
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Subsidence.
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Tenants improvements.
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Terrorism.
£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
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The cost of your policy depends on your needs. Our policies are flexible and can adapt to fit your requirements. So, whether you're a small village shop or a large, out-of-town retailer we can match you with the policy you need. For example, multiple options may be available from our panel of insurers - each with differing features and prices. We will present you with the possibilities so you can make an informed decision on which option is best for you.
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As you constantly have members of the public filtering in and out of your shop, public liability insurance is crucial. This type of insurance protects you if a member of the public is injured or their property is damaged on your premises. Your contents and stock are your livelihood and protecting them will ensure your business doesn't suffer. Contents insurance protects your goods in the case of theft, damage or devastation such as fire and floods. If you have employees, you are required by law to have employers liability insurance (unless your employees are immediate family or your spouse). This protects you if an employee becomes injured or seriously ill as a result of working for you. Finally, you may want to consider financial protection and business interruption cover. Financial protection ensures that cash on your premises is safe. Similarly, business interruption cover is necessary to protect you in the event your shop is closed due to damage.
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There is a wide range of optional cover available depending on your needs. If you own your shop premises, then you will need buildings insurance to protect your bricks and mortar. If, however, you rent your premises, check with your landlord to see if your building is covered. We can arrange flexible policies that match your needs - all you have to do is tell us what your key risks are and what you need covering, and we'll do our best to arrange appropriate cover at a competitive price.
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