Types of insurance coverage for retail businesses

When you own a retail business, it's important to know how different insurance coverages can help you recover from unexpected situations, such as a fire or theft. Whether your business sells clothing, furniture or musical instruments, or you own a small franchise, Allstate Business Insurance coverages can help give you key protection and peace of mind.

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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Property risks

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.

Allstate coverage

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.

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.

Extra Expense

This coverage can help pay for you to set up at a temporary location during repairs.

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.

Damaged documents

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.

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.

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.

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.

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 company's computer system.

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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