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business-insurance-Illinois

Business Insurance Illinois

Firstly, every business needs reliable business insurance because having insurance protects businesses. For instance, financial losses that may result from lawsuits against a company. Without insurance, business owners put their company and personal assets at risk. Even companies with LLCs should also have a solid business insurance policy.

Having the right insurance coverage is necessary to reduce potential losses from claims.

There are two common insurance policies Illinois businesses should have. Commercial auto insurance and general liability insurance.

General Liability

This type of liability coverage is known as business liability insurance. It protects against claims from normal business operations.

Insured perils include:

  • Property damage: This coverage protects from claims that result from damaging a third party’s property.
  • Physical injury: This is for if a customer gets hurt on company property or as a result of service. Physical injury coverage will pay for medical expenses that result from the event. No matter who is liable.
  • Legal costs: This coverage pays for legal representation. For instance, lawsuits resulting from an insured peril.
  • Personal and advertising injury: If a company gets sued for libel and slander. Personal and advertising injury coverage pays for the damages. However, this is only up to policy limits.

Commercial Auto Insurance

This is business insurance for cars. For example, if a company uses cars for business purposes. Then every car must carry insurance with a commercial auto policy. If a business owner is using a car for business and does not report that activity to the insurance provider. Then the provider has the right to cancel the auto insurance policy. This causes material misrepresentation which is a violation of the policy.

Depending on the type of business coverage a business selects. The policy limits and the deductible amount selected influence insurance costs. Other factors that can increase or decrease insurance costs include the business industry and location.

Unlike other insurance companies, Insurance Navy offers great protection at an unbeatable price.

More Information

Do you need more information about business insurance quotes? How about professional liability insurance or bodily injury coverage? Our licensed insurance agents and customer service representatives are here to help. Call us today at 888-949-6289 or visit your nearest Insurance Navy location. Because we care about your convenience, our offices open from 8 a.m. to 9 p.m. CST. Moreover, they are open 7 days a week.

Additionally, we can help you find an insurance quote right on our website or mobile app. Because we want to help you save money wherever possible. We offer our insurance quotes completely free of charge. By navigating our website, you can also learn about many useful topics. This includes coverage for replacement and repair for car parts after a crash. Also included is how to file a police report. As well as why you should never admit fault immediately following a car crash.

We also have a strong presence on social media. Like or follow us on TwitterFacebookInstagram, or Pinterest. After that, we can keep you updated on helpful topics and local news.

Lastly, we also have blogs that may help you with any questions you have. For instance, our blogs cover many different topics. From how to keep your car cool in the summer, to proper steps to take after Godzilla damages your car.

*Please review your own policy carefully for details on your insurance coverage. Coverage options vary by policy and provider.

Any Questions? Contact Us!​

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Palos Hills, Illinois 60465