What is small business insurance?
What does small business insurance cover?
Property insuranceProvides valuable protection for property owned by your business.
Liability insuranceHelps cover legal expenses due to customer injuries and other liability claims.
Business interruption insuranceHelps cover lost income and extra expenses resulting from a covered claim.
Equipment breakdown coverageHelps pay to repair equipment damaged by a power surge or other covered risk.
Get business insurance designed for your small business
Do I need small business insurance?
In most cases. Small business insurance helps protect your investment. You'll have peace of mind knowing you're covered from unforeseen events, including property damage or financial losses.
- Small business insurance can protect your business from:
- Customer injury
- Damage from weather events, like flooding or high winds
- Employee theft
How to cover small business insurance gaps
Stay on top of your business insurance by learning what's covered and what isn't. Some accidents aren't covered by standard business insurance, including:
- Water backups
Floods, earthquakes and water/sewer backups are typically excluded from business owners insurance. Ask your agent about policies you can add to help cover damage from these events.
Need more protection for your small business?
Available as add-ons to a policy
Other types of protection you can purchase
Look under "Coverage" on your policy declarations
Covers outdoor signs your business owns and has installed at its location.
Data compromise and identity theft protection
Data compromise protection provides resources to help you comply with breach notification laws and assists with defense and settlement costs if you are sued following a breach of personal information.
Identity recovery protection provides a dedicated help line for support and case management for identity theft victims.
Helps cover damages resulting from dishonest acts committed by your employees.
Protects businesses that are run out of your home and gives coverages for off-premises activities, as well as credit card coverage.
Helps cover losses related to a cyber attack on your business's computer system, such as damage to your data and system, cyber extortion and computer fraud.
Provide a set of valuable coverages tailored to your type of business. For example, a shield endorsement can help protect equipment that is specific to your business, such as increased coverage for valuable records for doctors and dentists.
Inland marine insurance
Helps cover business property while it's being transported by truck or train. It can provide greater protection for high-value items or property that's not covered by a standard business insurance policy.
Separate policies you can purchase
Other types of insurance you can purchase
Look for these policies in a separate mailing
Your Allstate agent can help you purchase a separate policy through the National Flood Insurance Program.
If someone sues you over an accident, and the settlement exceeds the liability limits on your business owners insurance policy and/or business auto policy, this coverage can help cover the additional expenses.
If your business vehicle is damaged in an accident, or an employee is found liable for a car accident while on the job, commercial auto insurance can help cover related expenses.