Owning a business, whether big or small, comes with many risks. Nothing can protect you from all of them, but having the right commercial insurance can mitigate many of the things that pose a danger. At Insurance Xchange in Lombard, IL, we are an independent insurance agency and offer our customers more choices and personalized service.
By their very nature, some types of commercial insurance are universally useful to business owners.
Commercial property insurance protects both those who own their building and those who are renters. It covers not only the building but also all the things that you need to do business.
Being sued is the most serious danger that all businesses face. If you don't have liability insurance, you could lose your business to a legal action against you. Commercial liability coverage pays a judgment and legal expenses.
In the State of Illinois, employers are required in almost all cases to carry workers' compensation insurance if they have at least one full or part-time employee, even if it is a family member.
If you have at least one vehicle that is used for your business, it should be covered by commercial auto insurance. If you are using your personal vehicle for business, you could find yourself in an accident that will not be covered. A personal vehicle is not authorized for business use.
Suppose your business is forced to close because of a covered hazard. In that case, this type of coverage will help you to be able to meet your regular obligations, including getting a salary yourself.
When you are looking for a new insurance agency or are a first-time business owner, Insurance Xchange offers Illinois business owners access to commercial insurance to provide protection for your business, no matter your business type.
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