Business Insurance for Convenience and Drug Stores
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Insurance for convenience and drug stores in Ohio

Learn about business insurance requirements and the most common policies for convenience and drug stores in Ohio.

Which insurance policies are required for convenience stores in Ohio?

If your convenience or drug store has a physical location with a commercial lease, your property manager may require you to purchase general liability insurance. Commonly purchased by convenience store owners in Ohio, general liability insurance can protect your business from expenses associated with common mishaps, such as customer property damage and injuries.

To meet state requirements in Ohio, every small business that has employees must purchase workers’ compensation insurance through the state fund.

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What are the most common insurance policies for convenience stores in Ohio?

The most common policies for convenience stores in Ohio vary depending on revenue, the number of employees, partnerships, and other factors.

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General liability insurance

General liability insurance is the foundation of a convenience store’s protection, with coverage that extends to customer injuries, customer property damage, and advertising injuries. Most commercial leases require you to have this coverage.

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Business owner's policy (BOP)

A small convenience or drug store might qualify for a business owner’s policy. This package helps your business save money by bundling commercial property insurance with general liability insurance at an affordable rate.

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Ohio workers' compensation

If you own a convenience or drug store in Ohio that has employees, your business must purchase workers’ compensation coverage through the state fund. If you do business in other states as well, you may need to purchase additional insurance to cover out-of-state employees.

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Umbrella / excess liability insurance

Umbrella liability insurance is also called excess liability insurance. This policy provides additional coverage once a convenience store reaches the limit on another liability policy, such as general liability insurance or employer’s liability insurance. It can protect against escalating lawsuit costs.

What do Ohio convenience stores pay for insurance?

According to an analysis of Insureon applications, the typical convenience store in Ohio can expect to pay less than the national median for business insurance. For example, the median annual cost of a business owner’s policy in Ohio is $725 for convenience stores, far less than the national median of $2,725.

Save time and money with Insureon

Insureon’s industry-leading technology helps convenience stores in Ohio save time and money shopping for insurance by comparing policies from top U.S. providers. Start a free online application to review quotes for the policies that best fit your business. Our insurance agents are licensed in Ohio and can answer your questions as you consider coverage.

To make the application go quicker, have this information ready:

  • Workforce details, such as the number and types of employees
  • Current and projected revenue
  • Business partnerships
  • Insurance history and prior claims
  • Commercial lease insurance requirements

Apply for free insurance quotes for convenience stores today.

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