It’s not easy owning and operating a grocery store or supermarket. These multi-faceted businesses face many different risks, including parking lot injuries, freezer malfunctions, power outages, and internal theft. Being underinsured often results in financial vulnerabilities, business interruptions, and liability issues.
Allied Insurance Managers has worked closely with grocery store owners and operators for nearly four decades, so we understand the unique risks that you face. You can turn to us for specialty programs that help you recover faster, ensure you stay compliant with your loan and lease agreements, and keep you protected during emergencies.
At Allied Insurance Managers, we understand that each store’s particular situation is unique. That’s why all of our grocery and supermarket insurance policies are fully customizable and can include:
General liability insurance is standard for all specialty programs. It covers general risks that most businesses face, including customer or vendor injuries that occur on company property and illness-related accidents.
Like General Liability, Commercial Property is a standard coverage that protects your assets, including your physical building, the shelving and other fixtures therein, and each department’s equipment.
Spoilage insurance, while not required, is highly recommended for any business in the food and beverage industry, including grocery stores and supermarkets. This coverage ensures you stay protected when food spoils during a qualified incident, such as a power outage or refrigerator failure.
Many people think of product liability insurance as a protection for manufacturers, but it’s useful for any business that makes products, including prepared foods. If customers contract salmonella or even choke on a fish bone, this coverage could help pay for any resulting medical and other costs.
Your store collects customer personal information, credit card numbers, and even medical data if you have a pharmacy. Cyber liability insurance protects your business from the financial fallout of a data breach. It can cover the costs of notifying customers, credit monitoring, and defending against a potential class-action lawsuit.
Employees who pocket cash, gift cards, or even food items can steal a lot over a prolonged period. Unfortunately, many businesses find out the hard way that their Commercial Property coverage typically excludes internal theft. Adding Employee Dishonesty coverage protects you from this financial risk.
Grocery stores operate on slim margins, and few stores could afford to pay the bills if they couldn’t open. Should you experience a prolonged closure due to a fire or other covered event, Loss of Income insurance (sometimes called Business Interruption insurance) provides supplementary payments until your store reopens.
All states, with the exception of Texas, require businesses to carry workers’ compensation insurance if they have employees, which covers medical costs and some lost wages if an employee is injured while working.
Commercial umbrella insurance complements general liability, product liability, cyber liability, and other protections, providing additional protection against significant legal events, such as a life-changing injury, death, or class-action lawsuits. Once costs exceed an underlying liability protection’s limit, the umbrella policy kicks in.
When a refrigerator or freezer breaks down, you can’t wait until business hours to call a service person. Equipment breakdown insurance helps pay for emergency repairs when essential equipment malfunctions.
Allied Insurance Managers is one of Michigan’s largest independent insurance agencies, serving thousands of businesses nationwide annually.
Since our founding, we’ve been committed to developing comprehensive specialty programs that ensure businesses stay protected year-round. Our policies aren’t generic—they’re highly customized based on your unique needs. We’re also partnered with a variety of carriers to help you find the most cost-effective solution.
We’re here for you, and you can trust us to help you protect your investment.
