Small Business Insurance in Illinois
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Coverage Plans for All Your Needs
Starting a business in Illinois opens the door to risks. You need insurance designed for your industry and business size. We customize plans for more than 20 industries. Pick coverage below to start a quote today.
Essential coverage for your Illinois business
General LiabilityInstant quote »
- Bodily Injury
- Damage to third party property
- Personal Injury
When you also have at least one employee
General Liability + Property and Workers Compensation (WC)
* Plus Workers Compensation
All standard plan benefits and:
Coverage for work-related accidents and diseases and subsequent:
- Ongoing medical care (such as rehab)
- Missed wages during recovery
- Legal fees
We've Got You Covered with Coverage You Need
Whether you’re looking to satisfy Illinois requirements with Workers Comp and Disability Insurance or know insurance is the only way to protect your finances, we’ve got you covered.
As the starting point for most businesses, General Liability Insurance pays claims where your business is found negligent. Claim types include personal injury, property damage, and personal advertising injury.
Property, equipment, and assets are a necessity for many businesses to offer services. A fire, theft, or storm can damage it all in the blink of any eye. Property Insurance pays to replace or repair it.
Required by Illinois law if you have at least one employee, this is the best way to avoid a lawsuit from injured employees. It pays medical expenses and lost wages when an employee injures themselves on the job.
Hired & Non owned Auto
Illinois requires drivers carry $25k/50k/$20k to operate a vehicle. If your employees use personal vehicles for work, you also need hired & non owned auto to protect your business.
Also a requirement for Illinois business, Disability Insurance pays employees a portion of lost wages for up to six months when they cannot work due to a non-work injury or illness.
Frequently Asked Questions
What insurance policies should I carry as an employer in Illinois?
Illinois requires employers carry Workers Compensation and Disability Insurance. Depending on the nature of your business, you should also consider EPLI and Health Insurance.
How much General Liability Insurance do I need in Illinois?
The amount of General Liability Insurance you purchased depends on your business and financial stability. Most businesses carry at least 1,000k per occurrence.
How much will insurance cost for my Illinois business?
Every business is different and insurance carriers look at the services your offer, interactions you have, policies, experience, and claims history to calculate premiums.
What are the requirements of starting an Illinois business?
Illinois requires you to register business and obtain a license. They also provide a list of steps to take to make sure you don’t miss any important steps.
What is the difference between Business Auto and Hired & Non-Owned auto?
Business Auto Insurance is for organizations that own vehicles solely for business use where Hired & Non-Owned auto is for businesses that let employees use their personal vehicles for business purposes.
Peace of Mind, At Your Fingertips
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
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References for Small Businesses in Illinois
Being a small business presents several challenges that may need more assistance. While CoverWallet provides you the best insurance, you can also consider these references to further support your small business: