Valuable protection for your business property
Whether you've been in business for years or are just starting out, Allstate understands how important it is that your property is well protected. Business property insurance from Allstate helps ensure your livelihood won't be jeopardized if your company's property is damaged. With Allstate in your corner, you can feel more confident that setbacks won't stand in the way of your success. Here's a look at how different types of business property coverage can help protect your business in a number of scenarios.
What's covered with business property insurance
| Property risks | Allstate coverage |
|---|---|
| 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. |
| Damaged documents A pipe bursts and leaks over a filing cabinet that contains 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. |
| Employee dishonesty 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. |
| Computer hack 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. |
| Stolen cash 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 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 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. |
| Power outage The utility company's transformer blows and you lose power to your business. |
Spoilage Coverage This optional coverage helps reimburse you for perishable items that spoil due to a power outage. |
Download our agent discussion guide
As business owners themselves, Allstate agents have a unique understanding of the needs and questions you may have when selecting an insurance plan. To help you prepare for a conversation with your agent, we've compiled a helpful discussion guide.