Business Insurance

Protect Your Business with the Right Coverage

With passion, vision, and hard work, you’ve turned your dreams into a thriving business. Now, it’s time to protect your hard-earned success. At Allen Insurance Group, we understand that every business is unique and requires tailored coverage.

We take the time to listen to your specific needs and create a comprehensive insurance plan that safeguards your business against liability claims, property damage, theft, legal expenses, and potential lawsuits.
Whether you’re a small or medium-sized business, we offer customized insurance solutions for a wide range of industries:

• Property/Building Owners
• Farms
• Contractors
• Offices
• Garages
• Manufacturers
• Wholesalers
• Retailers
• Service Providers

Allen Insurance Group offers comprehensive business insurance coverage designed to help protect business owners from various risks associated with their operations. With deep expertise in commercial insurance products, our team is dedicated to providing your business with the right protection against potential lawsuits, professional liability claims, bodily injury, and more.

Our team will walk you through the benefits of each type of coverage, ensuring that you purchase the most suitable business insurance policy to protect against potential losses such as fire, theft, or vandalism.

Commercial Building Coverage – This protects the buildings you own, rent, or lease. It covers your physical building and any fixed structures on your property, including signs, trees, plants, and shrubs.

Commercial Property Coverage – Safeguards the physical contents of your business, including equipment, inventory, and stock, both inside your building and on the premises.

Equipment Coverage:

Description: This refers to business assets that are essential for daily operations but are not classified as stock or inventory.

• Furniture
• Furnishings
• Fittings
• Fixtures
• Machinery
• Tools
• Utensils
• Appliances (excluding buildings and stock)

Stock and Inventory Coverage:

Description: This pertains to goods or products that usual to the business operations.

• Merchandise (e.g., electronics)
• Packaging materials
• Wrapping materials
• Advertising materials

Common Coverage Exclusions:

These exclusions are typically not covered under standard policies unless additional coverage is purchased:

1. Flood: Damage from floods is generally not covered under basic policies.
2. Sewer Backup: Loss or damage due to sewer or drain backup is typically excluded.
3. Earthquake: Coverage for damage caused by earthquakes is often excluded.
4. Pollution: Environmental damage or pollution is usually excluded.
5. Cyber Attack: Loss or damage from cyberattacks (e.g., data breaches, ransomware and phishing) is generally excluded.
6. Boiler (Equipment Breakdown): Coverage for boiler breakdowns may not be included under a standard policy and would require separate equipment breakdown insurance.

Optional Coverage – Many of these exclusions (e.g., Sewer Backup, Cyber Attack, Boiler) can often be added to a business insurance policy for an additional premium.

Business Interruption Insurance

What it covers: Compensation for lost income and ongoing expenses when your business operations are temporarily interrupted or closed due to an insured loss.

Purpose: Helps keep the business financially stable while you recover.

Boiler and Machinery Insurance

What it covers: Property damage resulting from the sudden and accidental breakdown of insured equipment.  Examples of covered equipment: Boilers, air conditioning units, refrigeration units, electrical panels, computers, and communication systems.

Purpose: Protects against mechanical or electrical breakdowns not covered by standard commercial property insurance.

Crime Coverage

What it covers: Losses from criminal activities such as:

• Employee theft
• Theft of money or securities
• Burglary, robbery, and forgery
• Computer fraud

Purpose: Protects businesses from financial losses due to criminal acts.

Commercial General Liability (CGL) Insurance

What it covers: Liability protection for your business operations, including:

• Bodily injury to others caused by your business activities.
• Property damage to third-party property.

Purpose: Provides coverage for your business against common risks associated with negligence.

Professional Liability Insurance (Errors and Omissions)

What it covers: Protection for your business against claims due to errors, omissions, or negligence when providing services or advice.

Purpose: Safeguards businesses from potential legal costs or damages resulting from mistakes or failures in professional services.

Your customized coverage provides comprehensive protection in case of unforeseen events and is essential for insuring your business against various risks and liabilities.  By choosing Allen Insurance Group, you can have peace of mind your business has the right coverage in place to protect against a wide range of risks.

Let us help you protect what you’ve worked so hard to build. Contact Allen Insurance Group today to discuss your business insurance needs.