Small Business Insurance

Take Care of Your Employees With Workers’ Compensation Insurance

Workers compensation insurance protects the key players on your team – your employees. You count on them for the service, knowledge and expertise needed to move your business to the next milestone. They count on you to take care of them if the unexpected happens. Workers compensation insurance, also known as workman’s comp insurance or simply workman’s comp, can help if:

  • An employee is injured in an auto accident while running errands for the company
  • An associate develops carpal tunnel syndrome from working on the computer
  • An employee gets hurt while restocking the supply room

Commercial crime insurance protects your business

Crime insurance is often an overlooked necessity, leaving businesses vulnerable to financial losses. Crime-related losses are not typically covered by commercial property insurance, so it’s important to make sure your business is protected. Nationwide commercial crime insurance offers:

  • Employee dishonesty coverage
  • Forgery or alteration coverage
  • Theft of money and securities coverage
  • Burglary or robbery coverage
  • Computer fraud coverage

Covering your cash

Your business property insurance may not reimburse you for the theft of cash and checks. But with a commercial crime insurance policy from Nationwide, your cash is protected from all covered losses.

Common endorsements

Nationwide provides basic commercial crime insurance products that are easily customized with options, also known as endorsements. These optional coverages can be tailored to fit the unique needs of your business:

Theft or dishonest acts
Protects you against theft of money or property and dishonest acts committed by your employees.

Premises theft and robbery outside the business premises
Protects your property inside your premises, and covers you when loss occurs while you’re open for business. You are also covered if you or your employees are ever robbed while doing business off your premises.

Theft of money and securities
Protects you against the theft, disappearance or destruction of your money inside your place of business or with you or your employees offsite.

Get Cyber Security Liability Insurance to Protect Your Customers and Your Business

Your customers trust you with their personal information and have confidence you will keep it safe. However, 55% of small businesses in the U.S. have experienced at least one data breach, and 53% have experienced multiple breaches. Cyber attacks are also becoming more frequent. In 2012, 29% of all U.S. small businesses had a cyber attack, and 72% were not fully able to restore their company’s computer data. With the growing chance that a business like yours will suffer a data breach or computer attack, you need protection to help offset the devastating effects it can have on your business from a financial and reputation standpoint.1

Cyber risk solutions

Nationwide has partnered with Hartford Steam Boiler (HSB), a highly-rated specialty insurance company, to provide small and mid-sized businesses with unrivaled comprehensive data security coverages and services that offer:

  • Help with notifying customers about a data breach.
  • Services from top professionals to help restore personal identities.
  • Help with recovering related costs, including any legal expenses.
  • Protection from damage to electronic data and computer systems from computer attacks.

Loss of Income Insurance Helps Pay Bills and Cover Payroll If Your Business Is Interrupted

If you have a covered property loss and your business is forced to close temporarily, business income coverage can help you:

  • Replace lost net income
  • Pay for continuing expenses, such as mortgage, advertising, taxes and payroll
  • Pay for relocation expenses and advertising fees if you set up shop at a temporary site


Business income insurance works in conjunction with your property policy and provides coverage for events beyond your control such as fire, wind, hail, vandalism or damage from vehicles or aircraft that may interrupt your business. Flood, earthquake or glass breakage are typically not covered in a business income policy.

Options and endorsements

In addition to basic coverage, which is essentially earnings insurance or reimbursement insurance, there are different options and endorsements to provide additional coverage.

Extra expense coverage

Extra expense insurance covers expenses above and beyond normal operating costs incurred if your company is temporarily shut down. Depending on your type of business, extra expense insurance by itself can sometimes provide sufficient coverage.

Dependent property

Dependent property coverage provides earnings insurance if:

  • Your suppliers are unable to produce goods or services on which your business depends
  • Your customers are unable to receive your company’s goods or services
  • Companies that manufacture products for direct delivery to your customers can no longer fulfill orders
  • A company in your immediate vicinity which is responsible for attracting customers to you (known as a leader location) goes out of business or can no longer attract business


Utility services

A utility services option provides coverage if there is disruption of basic utilities, such as electric, gas or water provided by public or private utility companies that prevents your business from operating, resulting in a loss of income.

Civil authority

Civil authority coverage provides income if your business is forced to closed – or access to your business is prevented – due to an act of civil authority, such as an evacuation or disaster.

Equipment breakdown coverage to keep your business on track

When equipment is working as it should, we take it for granted. But when something breaks down, operations can quickly grind to a halt. That’s why equipment breakdown insurance is so important. Break downs can happen in any type of business setting:

  • A power surge damages your computer network
  • Your electrical system short circuits, causing your business to shut down temporarily
  • An employee error damages your only production machine

These situations are more than just inconvenient. They could cost a lot of money – lost productivity means lost revenue. That’s why Nationwide offers broad equipment insurance for breakdowns to keep your business running smoothly in case of a problem.

What does equipment breakdown insurance cover?

Also known as “boiler and machinery” insurance, equipment breakdown coverage protects against breakdowns caused by power surges, motor burnout, boiler malfunction and operator error. Equipment breakdown insurance covers all sorts of equipment – mechanical and electrical equipment, computers and communication equipment, air conditioning and refrigeration systems, boilers and pressure equipment. It also includes coverage for new technology. Equipment breakdown coverage can pay for:

  • The cost to repair or replace the damaged equipment
  • Costs for time and labor to repair or replace the equipment
  • Business income losses when a covered breakdown causes a partial or total business interruption
  • Other expenses incurred to limit loss or speed restoration
  • The cost to replace spoiled stock or materials

What if you don’t own your building?

Even if you lease your building or use equipment that belongs to others, you still need equipment breakdown insurance. Say for example, you run a restaurant in a leased space. The electrical panel shorts out, killing power to the heat, air conditioning, lights and refrigerators for a couple of days. Although the owner of the building is responsible for making the repairs to the panel, you’ve lost customers and income. Equipment breakdown insurance helps you pay for that lost business income.

What if an equipment problem off site impacts your business?

Sometimes, equipment breakdowns at other locations can cause a loss to your business.

For example, if you run a small business and depend on your website for orders, you probably have an independent Internet service provider hosting your site at another location. What happens if that location loses power or experiences damage to its equipment, causing an interruption of your web presence resulting in a loss of orders? Equipment breakdown coverage helps pay for lost business income when a key supplier’s equipment breaks down.

Do property insurance or warranties cover damage to equipment?

Most standard property insurance policies don’t cover equipment breakdown, and warranties are restrictive – typically covering only new equipment for a determined length of time, and for specific types of product failures. Also, warranties don’t pay for lost business income or equipment damage due to operator error, which is the cause of many equipment breakdowns.

How much equipment insurance should you buy?

To determining the amounts and limits of coverage, it’s important to look beyond the face value of the equipment itself and consider all the situations that could occur. What if damage occurs to other property as a result of your equipment breakdown? What if parts for the damaged equipment are not readily available? Or if you are closed for an extended period of time? Seeing how equipment breakdown losses could add up can give you a better idea how much to insure for.