Business Insurance Illinois
Firstly, every business needs reliable business insurance. Because, having insurance protects businesses. For instance, monetary 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 businesses should have. Commercial auto insurance and general liability insurance.
This is known in the industry 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: If a customer is hurt on company property or as a result of a 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 is sued for libel and slander, then personal and advertising injury pays for the damages, up to policy limits.
Commercial Auto Insurance
This is business insurance for cars. If a company uses cars for business purposes, every car must be 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 for material misrepresentation.
Depending on the type of business coverage a business selects. Then policy limits and the insurance deductible amount selected influences insurance costs. Other factors could increase or decrease insurance costs include the business industry and location.
Unlike other insurance companies, Insurance Navy offers great protection at an unbeatable price. We offer free insurance quotes at any of our offices, over the phone, online and through our mobile app.
Do you need more information about business insurance? Our team is here to help. Call us today at 1-888-949-6289 or visit your nearest Insurance Navy location. For your convenience, Insurance Navy is open from 8 a.m. to 9 p.m. CST, 7 days a week.
We also have a strong presence on social media. So, like or follow us on Twitter, Facebook, Instagram, Pinterest, Tumblr, or YouTube. 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 for details on your insurance coverage. Coverage options vary by policy and provider.
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If you need immediate attention, please call (708) 237-0404. Thank you!