Allstate Small Business Insurance
Article by Myles Leva, Last update at June 27, 2022
Allstate is one of the largest insurance companies in the world. More specifically, they are the largest publicly held property and casualty (P&C) insurer in the US. The company has a large market share in the business insurance industry and several other insurance sectors. They offer several business insurance products.
Key Features
- Several small business insurance options
- 24/7 phone line for claims
- Multiple thorough customer support options
- High ratings from J.D. Power and A.M.
- Discounts for new customers
- Overall strong ratings
- Convenient to use and pay for online
- Several unique and useful tools
Pricing
When it comes to pricing, Allstate’s business insurance products are well-suited towards small businesses. Their rates are relatively affordable.
The quotes given by Allstate vary depending on the customer and their business. As a customer, you have more control over the price you pay with Allstate than you do with other business insurance providers.
Allstate offers 36 separate business coverage packages. Each package is good for a different situation and all of them are tailored to small-medium-sized businesses. They also tailor plans to the needs of different industries. It doesn’t matter if you run a restaurant, a retail business, a service business, or a professional office. It also doesn’t matter if you run a small start-up or a more established business that isn’t so big yet.
Pricing and personalized insurance packages are strong points for Allstate’s business insurance offer.
Things To Note
Allstate is a trusted and well-rounded option when it comes to small business insurance. The simplest and perhaps best way to approach Allstate’s business loans is to look through the 36 packages they offer and pick the best one for you.
The sheer diversity of these business insurance packages is one of Allstate’s best perks. If you’re shopping for business insurance, it’s worth it to give Allstate a look. Their diversity, reputation, and fair pricing make them stand out.
Keep in mind that Allstate isn’t an ideal insurance provider for large businesses. The scope of the services they offer isn’t wide enough to cover the liabilities faced by businesses with many employees and high revenues.
In A Nutshell
Allstate provides simple, customer-friendly insurance packages to small businesses. They offer solid and simple coverage for business liabilities. Their three-dozen specialized packages allow you to find the coverage that best suits your business.
If you run a small-medium-sized business that needs simple coverage for liabilities at a reasonable price, Allstate has something valuable to offer you. If you run a large enterprise or have complex, specific needs, then you’ll likely have better luck elsewhere.
While Allstate provides simple and straightforward business insurance packages, they also offer some other features that are worth looking into.
Extra Educational Resources
Among the more interesting features offered by Allstate, their “Online Tools and Resources” section offers a lot of value. This section provides you with a reference for information that is useful to any insurance shopper. The resource even includes an entire section on business insurance that can help you know what to look ahead for when shopping for business insurance. They even have a “Smart Search” feature that makes finding relevant and useful information a breeze.
Online Quotes
Many insurance companies and lenders will offer some kind of online quote calculator. Allstate does this as well, but theirs is quite intuitive.
Allstate’s comprehensive quote tool makes understanding your prices much faster and simpler. You won’t need to face the hassle of speaking with a company representative who will try to sell you on everything coverable under the sun just to figure out roughly how much you’ll need to pay for their services.
Equipment Breakdown Coverage
Allstate covers equipment breakdowns. This can help you cover the cost of damaged equipment that’s necessary for your business’s operations.
Data Compromise Coverage
What would a modern insurance company be without data compromise coverage? While Facebook caught a lot of trouble for its Cambridge Analytica scandal, it’s not just big tech that needs to worry about data security.
The modern economy certainly has a place for modern insurance coverage. As an added option, you can add compromised data coverage to your policy.
Why Allstate Lacks When It Comes To Large Business Coverage
Unfortunately, Allstate falls short in several ways when it comes to larger businesses. The company simply lacks some of the coverage that big businesses need to feel secure. Depending on the type of business you’re running, this can be a big deal.
Among the things that Allstate won’t cover, there’s:
- Negligence claims
- Manufactured products
- Personal injury claims
Having these covered is critical to many businesses. This coverage is also considered commonplace throughout the business insurance industry. While many small business owners won’t see these issues as critical, much of Allstate’s competition offers coverage for all these things.
The Final Word
Allstate is not a one-size-fits-all option for business insurance. It is, however, a reputable and generic provider of coverage for small and medium-sized businesses.
If you’re looking for small business insurance, it’s worth having a look at Allstate’s many business insurance packages. They may not have what you’re looking for, but they’re one of the largest insurance companies in the world for a reason. The final verdict is that Allstate is a well-rounded business insurance provider that’s worth a look if you run a small business.
