StandardVerified Q1 2026
Source: Industry knowledge
Hiscox: Retail Stores Insurance Appetite
Hiscox works well for micro retail businesses — home-based sellers, pop-up shops, and small boutiques. Their online quoting and low minimums make them perfect for clients who are just starting out. Once a retailer grows past $1M in revenue, transition them to Progressive or Travelers for a fuller program.
Available Lines
| Line of Business |
|---|
| General Liability |
| Business Owners Policy (BOP) |
| Professional Liability |
Premium Range
$500-$4,000
Typical annual premium
Target States
All 50 states
Key Features
- Online quoting with same-day binding for small retail shops
- BOP available for retail stores under $1M in revenue
- Low minimum premiums starting around $500 annually
- Simple application process with minimal documentation requirements
Limitations
- No workers' comp, commercial auto, or umbrella available
- Revenue cap of $2M for online BOP eligibility
- Brick-and-mortar stores only — e-commerce-only retailers have limited options
Compare Other Carriers for Retail Stores
Progressive CommercialPreferred
$1,500-$8,000
TravelersStandard
$2,500-$12,000
CNAStandard
$3,000-$15,000
ERGO NEXT InsurancePreferred
$500-$4,000
The HartfordPreferred
$1,500-$12,000
EMPLOYERS HoldingsPreferred
$800-$5,000
AcuityStandard
$2,000-$12,000
Erie InsuranceStandard
$2,000-$12,000
biBERKPreferred
$1,500-$8,000
AmTrust Financial ServicesPreferred
$1,500-$10,000
BTISStandard
$1,500-$8,000
Pie InsurancePreferred
$800-$5,000
NationwidePreferred
$1,200-$9,000
Liberty MutualStandard
$1,500-$10,000
ChubbStandard
$2,000-$12,000
Cincinnati FinancialPreferred
$1,200-$8,000
Hanover InsurancePreferred
$1,200-$8,500
Auto-Owners InsurancePreferred
$1,000-$7,500
Guard Insurance GroupPreferred
$1,000-$7,000
Markel CorporationStandard
$2,000-$12,000
Coterie InsuranceStandard
$500-$3,500
Selective Insurance GroupStandard
$3,000-$25,000
Kinsale Capital GroupStandard
$2,000-$15,000
InsureonStandard
$400-$5,000