Business Insurance Requirements for Convenience Stores in Florida

As one of the fastest growing states in the nation, the Sunshine State promises a bright future for convenience store owners. A larger population means more potential customers, from permanent residents stopping by for necessities to tourists stocking up on sunscreen, bottled water, and snacks. One of the best ways to maintain your store’s sunny outlook is through business insurance.

Florida state law requires all small businesses with four or more workers to carry workers’ compensation insurance. You will likely be required to show proof of general liability and/or commercial property insurance as part of your commercial lease agreement. A potential client may also ask for proof of professional liability insurance. Also called errors and omissions, this coverage can protect you if a business discrepancy leads to a lawsuit.

Insureon makes shopping for insurance easy with industry-leading technology that gathers quotes from top U.S. carriers that fit your needs. Read more to find out which policies are most common for convenience stores in Florida, and start an application to get your free quotes today.

Find the right insurance policy for your convenience store

The most common policies for Florida convenience stores vary depending on a number of factors, including revenue, client contracts, and partnerships. The table below illustrates which policies might work best for your business type.


Business type General liability / BOP Business interruption Workers' compensation
Small convenience store with only one part-time employee X X  
Convenience store with full-time employees X X X


General liability insurance: General liability insurance is the foundation of a convenience store’s business protection with coverage that extends to bodily injury, client property damage, advertising injury, and the cost of legal defense. Most commercial leases require you to have this coverage.

Commercial property insurance: Commercial property insurance protects your owned commercial space and business equipment. It can cover expenses to repair or replace your business property if it's stolen, vandalized, or damaged.

Business owner's policy (BOP): Convenience store owners sometimes qualify for a business owner’s policy. This package helps your business save money by bundling commercial property insurance with general liability at an affordable rate.

Cyber liability insurance: Cyber liability insurance helps convenience store owners survive data breaches and cyberattacks by helping to cover recovery expenses. You may need this policy if you handle sensitive data such as credit card numbers, passwords, or Social Security numbers.

Business interruption insurance: Business interruption insurance can cover lost revenue when an event forces you to temporarily halt operations. This policy allows you to pay ongoing bills such as rent, salaries, and loans until you reopen.

Florida workers' compensation insurance: Florida state law requires all small businesses with four or more employees to carry workers’ compensation insurance. Sole proprietors are automatically excluded but can elect for coverage. Injuries can occur in any workplace, even those with the best risk management strategies. Nationally, retail workers missed a median seven days of work due to a workplace injury in 2016, according to data from the Bureau of Labor Statistics. When injuries did occur, retail workers were most likely to sustain an injury from overexertion or from falls, slips, and trips in 2016, according to BLS data shown in the chart below.

Most Common Workplace Injuries: Retail Workers in the U.S.

Business insurance costs for convenience stores in Florida

The median cost of business insurance for convenience stores in the United States is around $400 per month, according to an analysis of Insureon applications. The individual risks and key business factors that define your store can have a significant impact on your business insurance costs. Generally, the most costly policy for convenience store owners in the United States is a business owner’s policy. Convenience stores that qualify for a BOP are able to bundle a general liability and commercial property insurance policy at a discount. The national median cost of a BOP for convenience store owners is around $2,700 per year or nearly $225 per month. Across the nation, workers’ compensation insurance trends around $1,900 per year or nearly $160 per month. Bundling policies are an effective way to lower the cost of your total insurance. Ask your agent for more bundling options.

Median Insurance Costs for Florida Convenience Stores

Save time and money with Insureon

Insureon’s industry-leading technology helps convenience store owners in Florida save time and money shopping for insurance by comparing policies from dozens of top U.S. carriers. Simply apply online and review quotes for the policies that best fit your business needs. Our insurance specialists are licensed in Florida and can answer your questions as you consider coverage.

To make the application go even 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 convenience store insurance quotes today.