Grocery Store Insurance Cost
Retail Insurance Cost Analysis

Irrespective of business size or policies purchased, the average cost of retail insurance for grocery stores in 2014 was $1,103.96. The median cost was $500.31.

What they buy.

Overall, our grocery store clients tend to stick with either a $1M/$2M GL policy (50% of customers) or a BOP (50% of customers), which combines GL and Property insurance into a cost-saving package. 50% buy GL and 50% buy BOP. Among those buying GL, 100% of Insureon's grocery store customers in 2014 bought the $1M/$2M policy.

HOW MUCH IS
General Liability Insurance?

How much is General Liability Insurance for Grocery Stores?

Grocers tend to pay less for GL ($472.61 for $1M/$2M) than do retailers in general ($591.13 for $1M/$2M) or small businesses in general ($591.45 for $1M/$2M).

HOW MUCH IS
a BOP?

How much is a Business Owner's Policy for Grocery Stores?

Grocery stores pay significantly more for a BOP ($1,269.68) than retailers in general ($965.29) or small businesses in general ($769.94).

HOW MUCH IS
Workers' Comp?

How much is Workers' Compensation Insurance for Grocery Stores?

Grocers pay significantly less for Workers' Compensation insurance ($725.43/year or $137.41/employee/year) than do Insureon's retail clients in general ($1.430.49/year or $603.87/employee/year), but more than our average small business client ($656.78/year or $401.17/employee/year).

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