Valuable protection for your business property
What's covered with business property insurance
Billing records are destroyed
There is a fire and your company's billing records are destroyed. This makes it difficult for you to collect payments from customers.
Accounts Receivable Protection
This covers the increased cost of collecting payments and the expense of reestablishing the records of accounts receivable.
A pipe bursts and leaks all over a filing cabinet containing your critical documents. Many documents are damaged and others are completely destroyed.
Valuable Papers and Records
This helps cover the cost of restoring important business documents that are damaged or destroyed by a covered loss. This coverage is included in the basic BOP and can be increased if you opt for additional coverage.
Your business receives checks, credit card payments and sometimes cash for work that you do. When reviewing the receipts for the week, you notice that the deposits were lower than usual.
Employee Dishonesty Coverage
This coverage helps pay for a loss if an employee steals money or property from your business. It is typically an optional coverage.
It is discovered that someone hacked into your bank account and transferred funds out of your account.
Computer Fraud and Funds Transfer Fraud Coverage
These optional coverages kick in if someone uses a computer to fraudulently transfer money, securities or other property to someone else.
Building or property damage
If your business building or business property are destroyed due to a covered loss, such as a fire or theft, costs could add up quickly.
Business Building/Personal Property Coverage
This coverage pays to repair or replace your owned business building and/or your business personal property, up to the limits you select.
Money stolen from your company in a theft or burglary could lead to hardship.
Money and Securities Coverage
This optional coverage helps protect your business against loss of money or securities due to theft, disappearance or destruction. This coverage may provide reimbursement whether the loss occurred on or off your business premises.
You can't open your business
Your business is damaged due to a fire and you cannot operate until repairs are made.
Business Income and Extra Expense Coverage
This coverage helps with loss of income and fixed expenses, such as rent or payroll, while your business is temporarily closed for repairs after a covered loss.
This coverage provides your business with up to 12 months of coverage.
Computer virus attack
You get an email from a client, but you open it to discover that it contains a virus.
Electronic Data Coverage
This provides coverage for repairing and restoring data due to harmful code that damages or destroys any part of your business's computer system.
This coverage is included in a basic BOP, but you have the option to increase coverage limits.
Customer items are stolen
While a customer's goods are in your care, someone breaks in overnight and steals their items.
Customers' Goods Coverage
This coverage provides for direct physical loss of or damage to customers' goods after a covered loss.
Damage to property while off premise
While in transit to a customer or vendor's location, you are involved in an accident, and your tools and equipment are damaged.
Property in Transit/Off Premises
This covers your business property while it's away from your location and/or being transported by vehicle to another location. This coverage is included in Allstate's standard business owners policy.
The utility company's transformer blows and you lose power to your business.
This optional coverage helps reimburse you for perishable items that spoil due to a power outage.