Business Insurance Requirements for Convenience Stores in North Carolina

Independent convenience stores are a staple of the American South. Whether you own a small corner store in Asheville or a specialty convenience store in Charlotte, your North Carolina convenience store serves a valuable role in the everyday life of your customers. However, your shop comes with a unique set of challenges. A robbery, unexpected property damage, or injury could damage your business in such a way that it might never recover. Business insurance can provide the protection to ensure your customers can rely on you for a long time to come.

Most commercial leasing agreements will require proof of general liability insurance and/or commercial property insurance. Suppliers may also ask for proof of professional liability insurance. Also called errors and omissions insurance, this policy can potentially protect against the costs of a lawsuit resulting from an alleged business error. North Carolina state law requires all small businesses employing three or more workers to carry workers’ compensation insurance.

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 store owners in North Carolina, and start an application to get your free quotes today.

Find the right insurance policy for your convenience store

The most common policies for North Carolina convenience store owners 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 Property insurance / BOP 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 with 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.

North Carolina workers' compensation insurance: North Carolina state law requires workers’ compensation coverage for all small businesses that employ three or more workers. Sole proprietors may elect to cover themselves, but it isn’t required. If an employee is injured on the job, workers’ comp can help pay for medical fees and lost wages. Even in a convenience store where safety is the top priority, accidents can happen. When a retail worker is injured on the job, the cause is most often overexertion or a fall, slip, or trip, according to Bureau of Labor Statistics data shown in the chart below.

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

Business insurance costs for convenience stores in North Carolina

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. Generally, the most costly policy for convenience store owners is a business owner’s policy. Small business owners typically combine general liability insurance and commercial property insurance in a  BOP, but other options are available. To save money on your insurance, ask your agent about bundling policies.

Median Insurance Costs for North Carolina Convenience Stores

Save time and money with Insureon

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