One of the most well-known consumer auto insurance providers, Allstate is one of the top 10 largest providers of commercial auto insurance in the U.S., according to the Insurance Information Institute. However, it is not limited to that alone, as Allstate also offers business insurance.<\/p>
The company’s coverage includes a customizable business owner\u2019s policy, or BOP, bundling general liability insurance with property insurance. This gives you the ability to add coverage such as business interruption insurance and equipment breakdown insurance.<\/p>
Allstate\u2019s small-business insurance coverage is subject to state availability, however, and qualifications may vary by state. If you\u2019re not looking for commercial auto insurance or a BOP \u2014 or have simpler insurance needs \u2014 an alternative provider may be a better fit.<\/p>
The Allstate Corporation is an American insurance company, headquartered in Glenview, Illinois. With revenues of $39.8 billion in 2018, it ranked 79th in the 2019 Fortune<\/em> 500 list of the largest United States corporations by total revenue. <\/p> Its long-running advertising campaign, in use since 1950, asks, “Are you in good hands?”. Also, the recognizable logo portrays a suburban-style dwelling cradled protectively in a pair of giant human hands.<\/p> Allstate\u2019s business insurance offerings are fairly standard, but it doesn\u2019t offer as many options as some of the other insurers. These include workers\u2019 compensation, medical malpractice, directors and officers (D&O) liability, and farm and ranch insurance.<\/p> While Allstate doesn\u2019t provide its own workers\u2019 comp policy, an agent may be able to help you obtain coverage through a different carrier.<\/p> The insurer\u2019s business owner\u2019s policy (BOP) may be the only way for companies to get commercial property coverage. It combines general liability, commercial property, business interruption with extra expense, and equipment breakdown coverage. Allstate also offers various endorsements that can extend a business\u2019s scope of coverage.<\/p> The company offers a variety of coverage options including property, liability, workers\u2019 compensation, and commercial auto insurance. They also offer a number of discounts and bonuses to businesses that purchase multiple policies from the company.<\/p> They are famous for their commercial auto insurance and business owner\u2019s policy that bundles general liability and commercial property insurance, with the possibility of adding a business interruption or equipment breakdown policy, among other coverages. Allstate\u2019s policies can be customized to fit the needs of various professionals such as accountants, chiropractors, dentists, photographers, or real estate agents. <\/p> Apart from the business owner\u2019s policy and professional liability which is crucial for service providers, you can add other recommended policies to complete your coverage. For example, if you have employees, you would want to purchase workers\u2019 compensation insurance (which is required by law in most states) and employment practices liability insurance.<\/p> Allstate offers policies for clients in multiple industries, such as commercial auto coverage for contractors, plumbers, electricians, landscapers, real estate agents, doctors, lawyers, and florists. It also offers additional coverage options, such as home-based business endorsements and shield endorsements to package industry-specific coverages together or increase certain coverage limits to meet a business owner\u2019s specific needs.<\/p> However, if you are not looking for a BOP, or commercial auto insurance policy, it is possible that Allstate won\u2019t have an adequate policy for your business. Also, you can\u2019t just buy a general liability insurance policy. That coverage comes with an Allstate Business Insurance policy that acts as a basis where you can add other liability policies you need to protect your company, such as data compromise coverage.<\/p> The cost of Allstate commercial insurance will vary depending on the type and size of your business and the coverage options you choose, including coverage limits and deductibles. The industry you are in, the type of assets your business owns, the number of employees and payroll, and your claims history influence your insurance premium.<\/p> The coverage limits and deductibles you choose will also directly affect your premiums. A policy that has $500,000 in coverage limits will generally have lower premiums than a policy with $2 million in coverage.<\/p> Allstate doesn’t provide information on its website about the average cost of a business insurance policy. The company recommends getting a personalized quote from an agent to get a sense of how much a policy might cost your business. However, they also offer a number of discounts to businesses that purchase multiple policies from the company and business owners that couple personal lines of insurance with their business insurance policy.<\/p> Agent offices are located throughout the country. Your Allstate agent will handle your policy and help with claims and payments.<\/p> As with every other insurance provider, there are several pros and cons to using Allstate for your business insurance needs:<\/p>Allstate business insurance coverage options<\/strong><\/h2>
How much does business insurance from Allstate cost?<\/strong><\/h2>
How to buy business insurance from Allstate<\/strong><\/h2>
How to file a claim with Allstate<\/strong><\/h2>
Allstate business insurance: Pros and cons<\/strong><\/h2>