Starting or running a small business in Illinois comes with a unique set of risks. The right insurance coverage protects your investment, your employees, and your livelihood. Here’s what every Illinois business owner should know.
General Liability Insurance — This is the foundation of any business insurance program. It protects you against claims of bodily injury, property damage, and personal injury that occur during business operations. Most landlords and contracts require it.
Workers’ Compensation — Illinois law requires most businesses with employees to carry workers’ comp insurance. It covers medical expenses and lost wages for employees who are injured on the job.
Commercial Property Insurance — Whether you own or lease your business space, commercial property insurance protects your building, equipment, inventory, and furniture against fire, theft, and other covered perils.
Business Owner’s Policy (BOP) — A BOP bundles general liability and commercial property insurance at a discounted rate. It’s an excellent option for small to mid-sized businesses looking for comprehensive coverage at a lower cost.
Commercial Auto Insurance — If your business owns or uses vehicles, you need commercial auto coverage. Personal auto policies typically exclude business use, leaving you exposed.
Every business is different, which is why cookie-cutter policies often fall short. At Garcia-Mundo Insurance, we work with multiple carriers to build a customized insurance program that fits your specific industry and risk profile. Contact us for a free business insurance review.