Frequently Asked Questions About
Commercial General Liability Insurance
How much does small business insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number. (read more)
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it. (read more)
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Allstate Small Business Insurance Reviews
Allstate Small Business Insurance Reviews 2019 (Ratings, Complaints & Coverage). Allstate is of the world's biggest insurance companies. They are the biggest publicly held casualty and property insurer in the USA. Allstate typically sells their insurance products through a huge network of more than 14,000 agencies, financial specialists, brokers, bank representatives, insurance agents, and financial advisors in the US and Canada.
The company operates as a subsidiary of Allstate Insurance Holdings, LLC. It is headquartered in Northbrook, Illinois. It is known for its personal insurance as well as its relationships with financial lenders, legal partners, office suppliers and marketing partners.
If you are a small business owner looking to buy liability insurance, read Allstate small business insurance reviews to learn about Allstate Insurance's products.
Check out Allsate reviews, ratings, complaints & coverage for general liability, workers compensation and other small business insurance commercial policies.
Small Business Coverages Offered By Allstate
The Allstate small business insurance reviews on the Internet are mixed. Allstate small business policies cover retail, service, contractors, medical, and wholesale. Allstate small business provides a range of coverages including:
General Liability: Every business, even if home-based, should have liability insurance. The policy provides both defense and damage coverage if you or your employees cause or are alleged to have caused bodily injury or property damage to a third party. It provides for your company based on a per-loss limit and an annual limit, which can be set at either $2 or $4 million. Allstate does not offer coverage for medical payments, personal and advertising injury, product liability or professional liability. Allstate ratings for GL are fair.
Commercial Property: Commercial property insurance protects your company from financial losses caused by damage to physical assets like buildings and equipment. It is first-party coverage, meaning it makes claim payments directly to you, the policyholder. Allstate small business insurance reviews are fair for business property.
Business Owner's Policy (BOP): Business owner's policies combine several types of insurance into one package: typically property and general liability insurance with some other coverages like business interruption and crime.
Commercial Auto Insurance: Allstate business auto provides quality protection across the United States. It allows customers to adjust limits and deductibles to find the right insurance policy without paying extra. Their commercial auto insurance coverage is important for businesses with company cars and fleet vehicles. It insures you in case there is property damage or a collision in one of your company vehicles. Allstate commercial insurance ratings for this coverage are ok.
Business Interruption: Business interruption insurance compensates companies for a loss of income during interruptions that are caused by natural disasters that make it difficult to conduct regular business operations. While it doesn't make sense for all businesses to invest in one of these policies, it should be considered in situations where a business is often exposed to high levels of risk.
Worker's Compensation: This provides insurance to employees who are injured on the job. It most states it is mandatory fro any non partner or owner employees. Workers comp ensures the injured employees are not deprived of wages which would have been earned during absence of work, medical expenses and compensation for death or permanent in capacity. it is hard to find Allstate small business insurance reviews for WC.
Allstate Commercial Claims & Service
According to Allstate, it's easier than ever to file a claim or track an existing one. Allstate's website is user-friendly and full of valuable resources that help clients understand more about business insurance. You can also find a local agent, get a quote, or read about product offerings.
Allstate Professional Association Discounts
Allstate has many regional and state partnerships with a number of industry trade associations to deliver business insurance policy discounts to small-business owners across the nation. This is a huge benefit considering that Policy discounts are somewhat uncommon in the business insurance market, especially when compared to the numerous discounts available in the auto and home insurance markets. Allstate small business insurance reviews are good for their association discounts.
Allstate Business Insurance Reviews and Ratings
- A.M. Best: Allstate has an A+ (superior) financial strength rating, according to ratings agency A.M. Best. Financial strength is important because it indicates how well an insurer can pay claims.
- Best Insurance: A+
- S&P Global: AA-.
- Moody's Investors Service: Aa3.
- J.D. Power's: J.D. Power's customer claims satisfaction ratings survey gave Allstate a 3 out of 5 overall, a ranking that places the company in the "about average" range. Average is not a good rating for a company that promises superior service in return for admittedly higher rates.
Allstate Ratings Online
Following are some ratings found online which appear mixed:
- BBB.org - The Better Business Bureau rates them 3.28 out of 5 stars. Allstate is not BBB accredited. The BBB Code of Business Practices represents sound advertising, selling and customer service practices that enhance customer trust and confidence in business.
- ConsumerAffairs.com - Consumer Affairs rates them 2.5 out of 5 stars.
- my3cents.com - my3cents rates them 1.3 out of 5 stars.
Allstate's Contact Information
Address: 2775 Sanders Rd., Northbrook, IL 60062
The Bottom Line On Allstate Commercial
Allstate is among the oldest insurance providers in the US and holds a superior grade in financial strength. They have a big list of insurance products so they can meet your needs.
More Commercial Insurance Company RatingsSmall Business Insurer Ratings:
- ACE Group
- Applied Underwriters
- Colony Specialty
- Fireman's Fund
- Hartford Steam Boiler
- Jewelers Mutual
- Liberty Mutual
- Markel Insurance
- Merchants Insurance Group
- Ohio Casualty
- Penn-America Group
- Philadelphia Insurance Companies
- State Farm
- The Hartford
- The Main Street America Group
- Utica First
- BB&T Insurance Services
- Brown & Brown
- Burns & Wilcox
- Contractors Edge
- Day Care Insurance Services, Inc.
- Jimcor Agencies
- Risk Placement Services
- USG Insurance Services
- Valley Forge Insurance Brokerage
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Quotes from leading small business insurance carriers including: ACE, AmTrust, Chubb, Cincinnati, CNA, Colony, Employers, Evanston, Fireman's, Foremost, Guard, Hanover, Hiscox, Liberty Mutual, LLoyd's of London, Markel, MSA, Nationwide, Penn America, Philadelphia, Prime, Progressive, Scottsdale, The Hartford, Travelers, USLI, Utica First, Western World, Zurich & others.