Blanket insurance

Comprehensive coverage for multiple properties in a single location.


What is blanket insurance?

Blanket insurance is a single insurance policy that covers multiple properties or items, but only if they are located in the same place. It’s an alternative to buying separate insurance policies for each individual property or item.

Typically, for businesses, blanket insurance covers property. If you’re a business owner with multiple properties or assets at the same location, this could be a practical choice for protection.

Blanket insurance vs. standard insurance

Blanket insurance differs from standard individual insurance policies in its scope of coverage. Standard insurance policies focus on protecting a single item or asset. On the other hand, blanket insurance covers multiple items or properties at the same location under one policy.

For instance, if you’re running a resort with several cabins, you would typically need a separate policy for each cabin with standard insurance. But with blanket insurance, you can protect all the cabins under one policy.

Who needs blanket insurance?

As a business owner, if you don’t own multiple properties or have complex insurance needs, you may not need blanket insurance. Some of the most common businesses and industries that opt for blanket insurance include:

  • Agricultural properties: Farmers can obtain a single blanket insurance policy to cover all the buildings on their farm.
  • Car dealerships: Car dealers often opt for a blanket policy to cover their entire inventory of vehicles. This is more practical than having individual policies for each car on the lot.
  • Businesses with multiple locations: Franchise businesses with numerous locations can benefit from the convenience of a blanket policy that covers various sites under one umbrella.
  • Complex properties: Facilities like country clubs, which may have multiple buildings serving different functions, can simplify their insurance by using a blanket policy.

As you can see, blanket insurance is useful for covering multiple locations, properties and business personal property. That’s why you often see blanket insurance paired with commercial property insurance.

The advantages and disadvantages of blanket insurance

  • Cost-efficient coverage
  • Easier policy management
  • Insufficient coverage for unique items
  • Higher deductibles
  • Less suitable for specific health conditions
  • Less needed for self-insurance


Because it provides broader coverage, blanket insurance tends to cost more than separate policies. And while it provides broad coverage, it doesn’t cover every situation — for instance, floods or earthquakes.

Deciding on coverage limits for your blanket insurance policy

Coverage limits in an insurance policy represent the maximum amount the insurance company will pay for a claim. When setting these limits for a blanket insurance policy, you need to consider several factors.

Think about what you’re insuring and its value. This will help you decide how much coverage you need. Secondly, compare the cost of a blanket policy to that of individual policies for each item or property. A blanket policy can be more cost-effective if you have multiple items or properties at the same location.

Remember, higher deductibles can also lower your premiums, but it means you’ll pay more out-of-pocket if you make a claim.

Protecting your business with NEXT Insurance

NEXT makes it simple and fast to get the business insurance coverage you need. Our policies are designed to be affordable, customizable, and easy to manage.

You can start a quote, customize your options and access your certificate of insurance online immediately — in about 10 minutes.

Start your instant quote today.

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Business insurance is divided into different policies. We offer seven types so it's easy to design the coverage that fits your business.
General Liability insurance
General Liability
Protect yourself from accidents that cause physical injury or damaged property.
Professional Liability or Error and Omissions Insurance
Professional Liability/E&O
Shield yourself from lawsuits that claim your work errors caused financial losses.
Workers' Compensation Insurance
Workers’ Compensation
Cover medical bills and lost wages if your employees have an accident at work.
Commercial Auto Insurance
Commercial Auto
Stay on the road with coverage for dents, tows and damage to someone else’s vehicle.
Tools & Equipment Insurance
Tools & Equipment
Upgrade your general liability coverage to protect any gear that’s stolen, damaged or lost.
Commercial Property Insurance
Commercial Property
Keep your building, inventory and equipment protected from fire or water damage.
Business Owner’s Policy Insurance
Business Owner’s Policy
Combine general liability and commercial property into one policy to protect your business.
* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.
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Issuance of coverage is subject to underwriting. Not available in all states. Please see the policy for full terms, conditions and exclusions. Coverage examples are for illustrative purposes only. Your policy documents govern, terms and exclusions apply. Coverage is dependent on actual facts and circumstances giving rise to a claim. Next Insurance, Inc. and/or its affiliates is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company. Refer to Legal Notices section for additional information.

Any starting prices or premiums represented before an actual customer quote are not guaranteed and are representations of existing premiums of active policies as of December 6, 2023. To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.