Types of insurance for professional firms

If you are a real estate agent or architect, or own a professional firm (such as an advertising agency or legal firm), your clients likely put a lot of trust in you. With quality coverage in a business insurance policy from Allstate, you can have peace of mind and help protect a business your clients rely on.

Below are coverages that may be available for your business. An Allstate agent can also help explain what coverages are standard and which are available as add-ons so you can craft a business owners policy (BOP) that fits your needs. Some coverages are subject to deductibles and limits.

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Explore coverages

Property risks

Damaged documents

A pipe bursts and leaks over a filing cabinet that contains critical documents. Many documents are damaged and others are completely destroyed.

Allstate coverage

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.

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.

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.

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

These optional coverages kick in if someone uses a computer to fraudulently transfer money, securities or other property to someone else.

This coverage is included in a basic BOP, but you have the option to increase coverage limits.

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.

review the guide

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