Business Insurance Requirements for Convenience Stores in Georgia

With its business-friendly climate and one of the fastest rates of growth in the nation, Georgia has a constant influx of new residents. For convenience store owners, that translates into more customers relying on your store. One of the best ways to secure your store’s future for both yourself and your customers is with business insurance.

Whether you run a small corner store or a neighborhood market, certain insurance requirements are common to all convenience stores in Georgia. For example, Georgia state law requires all small businesses with three or more workers to carry workers’ compensation insurance. You will also likely be required to show proof of general liability insurance and/or commercial property insurance as part of your leasing agreement. Potential suppliers may ask you for proof of professional liability insurance before entering into an agreement. Also called errors and omissions insurance, this coverage can potentially 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 Georgia convenience stores vary depending on 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. Coverage 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 the expense of repairing or replacing business property that is stolen, vandalized, or damaged.

Business owner's policy (BOP): Convenience stores 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 assisting with recovery expenses. If you handle sensitive data such as credit card numbers, passwords, or Social Security numbers, this policy may be a smart choice for your business.

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.

Georgia workers' compensation: Georgia state law requires all small businesses with three or more employees to carry workers’ compensation insurance. If an employee is injured on the job, workers’ comp can help pay for medical fees and lost wages. Independent contractors are excluded from workers' comp requirements in Georgia. Even when it’s not required, this coverage is still worth considering. Retail workers in Georgia missed a median seven days of work due to workplace injury in 2016, according to data from the Bureau of Labor Statistics. When retail workers were injured on the job, it was most commonly due to overexertion or from falls, slips, and trips, as shown in the chart below.

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

Business insurance costs for convenience stores in Georgia

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 median cost of workers’ compensation insurance is around $1,940 per year, or $161 per month, across the nation. The cost of workers’ compensation varies depending on individual business factors and risks, such as the number of workers on your policy. A business owner’s policy is generally the most costly for convenience store owners across the country; it’s a particularly expensive policy for convenience stores in Georgia. BOPs are popular because they bundle policies at a discount, most commonly general liability and commercial property insurance. Ask your agent about other ways to bundle policies.

Median Insurance Costs for Georgia Convenience Stores

Save time and money with Insureon

Insureon’s industry-leading technology helps convenience store owners in Georgia 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 Georgia 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.