Business Insurance in Illinois

Compare multiple quotes from top carriers with one application.
What kind of work do you do?
Violet flowers, Illinois' state flower.
Logos of Insureon's Partners
We partner with trusted A-rated insurance companies

Get small business insurance for your Illinois business

United States map.

Learn about Illinois' insurance requirements

Online application for small business insurance.

Complete one free online application

Multiple small business insurance quotes to compare.

Compare multiple quotes and choose the best coverage

Recommended insurance policies for small businesses in Illinois

General liability insurance icon

General liability insurance

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.

  • Customer injuries at your business
  • Damaged customer property
  • Libel and other advertising injuries
Professional liability insurance icon

Professional liability insurance

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.

  • Mistakes that impact a client
  • Professional negligence lawsuits
  • Late or incomplete work
Cyber liability insurance icon

Cyber liability insurance

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.

  • Customer notification costs
  • Fraud monitoring services
  • IT support after a data breach
Business owner’s policy icon

Business owner’s policy

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.

  • Customer bodily injuries
  • Damaged customer property
  • Damaged business property
Workers’ compensation insurance icon

Workers’ compensation insurance

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.

  • Employee medical expenses
  • Disability benefits
  • Legal fees from employee injuries
Commercial auto insurance icon

Commercial auto insurance

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.

  • Accidents involving business vehicles
  • Theft of a business vehicle
  • Damage to a company vehicle
Looking for different coverage? See more policies.

Illinois business insurance requirements

State laws can affect which business insurance coverage you need. These policies are required everywhere in Illinois, from Chicago to Springfield.

Blue check mark

Workers' compensation insurance

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.

Blue check mark

Commercial auto insurance

All business-owned vehicles in Illinois must be covered by commercial auto insurance. This policy covers the cost of accidents in work vehicles.

Illinois' commercial auto insurance requirements are:

  • $25,000 per person bodily injury liability
  • $50,000 per accident bodily injury liability
  • $20,000 per accident property damage liability
  • $25,000 per person uninsured motorist coverage
  • $50,000 per accident uninsured motorist coverage

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).

How much does small business insurance cost?

Business woman calculating costs of insurance.

Business liability and property insurance can be affordable for Illinois small business owners. Factors that affect your premiums include:

  • The type of business and its risks
  • Business operations and revenue
  • Number of employees
  • Types of insurance purchased
  • Coverage options, such as policy limits
View Small Business Insurance Costs
What our customers are saying
Carousel prev arrow
"I had an urgent contractual requirement for insurance in December to pay before the end of the year. Holly Burton worked with The Hartford to send me an invoice around Christmas. I have saved hundreds in taxes."
Richard C.
Software / internet design
"Raynaldo made quick work of things. I told him what I needed, and ultimately I had a certificate of insurance in a matter of hours."
Michael D.
"The response time was almost immediate. The options I was given were based on my company's needs. I received the policy in record time."
Esther L.
Management consultant
Carousel next arrow
Insureon customer reviews on Feefo

Find the right policies and get your certificate of insurance

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.

Compare Illinois business insurance quotes
Save money by comparing quotes from top-rated insurance carriers.