In a BOP, what percentage of gasoline sales should comprise the income of a convenience store?

In a Business Owners Policy (BOP), the percentage of gasoline sales that should comprise the income of a convenience store is typically recognized as 50%. This figure reflects the common business model for convenience stores, where gasoline sales play a significant role in overall revenue generation. Gasoline is often a draw for customers, leading them to enter the store and make additional purchases of food, beverages, and other convenience items.

Having 50% as a benchmark allows insurance providers to assess risks more accurately, taking into account that a substantial portion of income is derived from gasoline sales while still considering the profitability of in-store sales. This balance helps to ensure that the convenience store is covered adequately for its primary income sources, particularly in terms of property and liability risks associated with both gasoline and in-store merchandise.

Factors that can affect the percentage, such as local market conditions or variations in product offerings, are typically taken into account, but 50% remains a standard for many insurance analyses related to BOPs in the convenience store sector.