A general liability policy is important for all Illinois businesses. It covers common risks, including customer property damage and injuries. Most commercial leases require this coverage.
This policy, also called errors and omissions insurance (E&O), is crucial for consultants and other professional services. It covers lawsuits over mistakes and oversights.
This business insurance policy covers financial losses related to data breaches and cyberattacks. It's important for Illinois businesses that handle credit cards and other sensitive data.
This policy bundles commercial property insurance and general liability coverage in one plan. It's often the most cost-effective type of commercial insurance for an Illinois business.
Workers’ comp insurance is required for Illinois businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
This policy is required for business-owned vehicles in Illinois. It covers injuries and property damage in an accident, along with vehicle theft, vandalism, and weather damage.
State laws can affect which business insurance coverage you need. These policies are required everywhere in Illinois, from Chicago to Springfield.
Illinois requires every business with employees to carry workers’ compensation insurance, including businesses with part-time employees. Illinois law requires employers to purchase a policy through an insurance company or obtain permission to self-insure.
Workers' comp covers medical bills for work injuries and illnesses. It also provides disability benefits for injured Illinois workers.
Trucking companies may need additional coverage to comply with regulations.
Though it's not required, personal vehicles driven for work purposes should be covered by hired and non-owned auto insurance (HNOA), as personal auto policies usually exclude business use. It can be added to general liability insurance or a business owner's policy (BOP).
Insureon's licensed agents can help you find policies that fulfill Illinois' requirements and your business insurance needs. Once you've purchased insurance with us, you can download a certificate of insurance by logging into your account.
In Illinois, insurance agencies, agents, and brokers are licensed by the Illinois Department of Insurance. Insureon is licensed in Illinois as BIN Insurance Holdings LLC (NPN 15752926) for property and casualty insurance (license number 100289220).
To verify our licensure in Illinois, use the National Association of Insurance Commissioners Lookup Search. Select Illinois, licensee, and business entity, then enter our NPN or license number.