Types of insurance coverage for food and beverage stores
Whether you own a bakery, ice cream shop or food and beverage store, Allstate Business Insurance can help protect you in many situations. From replacing spoiled food after a power outage to repairing damage after a fire, a business insurance policy can help cover unexpected costs and allow you to continue to operate.
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.Explore property coverages
| Property risks | Allstate coverage |
|---|---|
| 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. |
| Power outage The utility company's transformer blows and you lose power to your business. |
Spoilage Coverage This coverage helps reimburse you for perishable items that spoil due to a power outage. |
| 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 Extra Expense |
| 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 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. |
| Contaminated food Your restaurant or bakery is shut down by the health department due to food contamination. |
Food Contamination This coverage helps pay to clean equipment and replace contaminated food if your business is shut down by the health department. It may also reimburse you for lost business income and other expenses while your company is shut down. |
| Refrigerator breaks down in your shop The refrigerator at your business location breaks down and you lose your entire inventory due to spoilage. |
Equipment Breakdown Coverage This coverage helps pay for your company's expenses resulting from the sudden breakdown of machinery or other equipment. |
| 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 coverage is included in a basic BOP, but you have the option to increase coverage limits. |
Explore liability coverages
| Liability risks | Allstate coverage |
|---|---|
| Injury lawsuit You are sued because somebody was injured after slipping on a recently mopped floor at your business. |
General Liability Protection This provides coverage for injury to others at your premises and helps protect you from lawsuits filed against you. |
| Wrongful termination lawsuit A former employee sues you for wrongful termination. |
Employment Practices Liability Coverage This provides coverage and support in the event of a lawsuit related to wrongful termination, sexual harassment or discrimination. This is typically an optional coverage. |
| Customer data loss or theft Customers' confidential personal and financial data that you maintain is lost or stolen. |
Data Compromise Coverage This optional coverage provides case management, legal support, credit monitoring and legally required notifications after customer data is affected. |
Explore auto coverages
| Auto risks | Allstate coverage |
|---|---|
| An employee causes an accident While performing work for you, your employee gets into an accident and causes injury or damage to another person or their property. You could be held liable. |
Liability Protection This coverage helps pay for someone else's medical bills and/or repairs to their vehicle, even if it's due to your employee's negligence. |
| Vehicle damage Damage to your vehicle, whether your driver was at fault or not, can result in unexpected repair bills. |
Collision Coverage This protection pays to repair damage or replace your car if it is a total loss. |
| Hail damage Hail can cause damage to your business vehicle, such as large dents and broken glass. |
Comprehensive Coverage This protection pays to repair hail damage to your business vehicle. This coverage may also help repair damage from other non-accident-related events, such as fire, theft or vandalism. |
| You are injured by an uninsured driver If you or your employee are in a collision with an uninsured driver and sustain serious injuries, your livelihood could be at risk. |
Uninsured Motorist Coverage This coverage helps pay for your medical bills if you are injured in an accident that is caused by a driver with no insurance. Or, you may have the protection you need, depending on your policy's bodily injury limit. (Coverage restrictions apply in some states, so be sure to talk to your agent.) |
| You owe money on a damaged vehicle If you still owe money on a loan or lease, you could be responsible for the cost of replacing the vehicle after an accident. |
Lease and Loan Gap Coverage This helps you pay off your car loan if your vehicle is totaled or stolen and the amount you owe is more than the car's depreciated value. This coverage comes standard in an Allstate Business Auto Insurance policy. |
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.