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When is it helpful to have a commercial insurance plan?

The state of Illinois has continued to be a good place for someone to start a business. While there are a lot of advantages that can come with running a business, there are risks as well. Many of these risks can be mitigated with insurance. Having a commercial insurance plan is helpful in various situations when you own a business here. 

Having A Commercial Insurance Plan: What You Need To Know

When Trying to Reduce Liability Risks

Liability is a risk that all people need to take seriously when they are business owners or managers. As a liability claim can come at any time and be very detrimental to your business, finding a way to reduce the risk is important. If you invest in a commercial insurance plan, you will get the liability coverage necessary to offset this risk and concern. 

Protect Business Assets

It would also be helpful to get a commercial insurance plan to protect assets owned by your business. A business owner in this area is going to invest in various assets to help grow and develop their business. If you lose these assets to theft or damage, it could be a major setback. If you have a full commercial insurance plan, it will offer the support you need to repair or replace these assets.

Contact Us Today

It is always a good idea to invest in a commercial insurance plan when you own a business in Illinois. If you choose to get one of these plans here, it would be smart to start looking for coverage by calling OnQuote Insurance in Illinois. The professionals with OnQuote Insurance will help ensure you choose a policy that meets your needs. They are able to do this by taking a customized approach to help understand your business and risks and build a policy that mitigates them as well as possible. 

The Top 5 Questions To Ask When Shopping For Home Insurance

While most people don’t enjoy shopping for home insurance the cover can make a difference. It can determine whether you lose everything or have complete coverage during a disaster. When considering home insurance, you will want to ensure that you get the right policy to best fit your needs. 

Consider various factors, including your credit score, your home’s value, and the type of policy you want ( liability only, comprehensive, etc.). Ask your agent or company to acquire the right policy for your needs. In case of an issue, OnQuote Insurance in Illinois can provide you with expert advice. 

Know About Your Policy 

Homeowners’ insurance provides financial protection against unexpected expenses associated with your house. Shop around and understand what each policy covers and what it doesn’t. 

Most standard home policies will not cover flood damage, earthquakes, and disasters. Find out if your policy offers additional coverage for these events if they occur in your area. 

Policies can be "named per occurrence" or "unnamed per occurrence." If you have multiple claims within a specific time, you will lose some or all of your coverage on your policy. 

Shopping around and asking questions will help you find the right policy for your needs. It’s also important to stay informed about changes in the insurance market and keep track of policy changes that shape your insurance. Here’re five top questions: 

  • What’s the replacement cost?
  • Is there cover for working from home?
  • Are discounts available? 
  • Does it cover water damage?
  • What are the insurance limitations?

Contact Us Today

When shopping for a home insurance policy, keep these tips in mind to smooth the process. With the right cover, it’s important to ask the right questions to find the coverage that meets your needs. These questions will aid you in acquiring the right policy. For expert advice, call us today at OnQuote Insurance in Illinois.

Why is Auto Insurance Important in Illinois?

Auto insurance is one of the most important aspects of owning a vehicle. If you don’t have auto insurance, you may find yourself liable for any damage your car causes to other people or property. Drivers in Illinois are required to have auto insurance, and there are several reasons it’s essential to have coverage.

The Law Requires Auto Insurance in Illinois

In Illinois, all drivers are required to have auto insurance. This is because auto insurance provides financial protection if you cause an accident. If you’re involved in an accident and don’t have insurance, you may be held liable for any damages your car causes. OnQuote Insurance can help you find the best auto insurance policy to meet the legal requirements in Illinois.

Vehicle Insurance Can Help With Medical Expenses

If you’re injured in an accident, your vehicle insurance policy may help pay for your medical expenses. Most vehicle insurance policies include personal injury protection (PIP) coverage. This coverage helps pay for your medical expenses, regardless of who is at fault in the accident.

Auto Insurance Can Help With Property Damage

If your car causes damage to someone else’s property, your vehicle insurance policy may help pay for the damages. Most vehicle insurance policies include property damage liability coverage. This coverage helps pay for the repairs or replacement of someone else’s property if you’re at fault in an accident.

Auto Insurance Can Help With Legal Expenses

Most vehicle insurance policies include legal expense coverage. If you’re involved in a legal dispute after an accident, your vehicle insurance policy may help pay for your legal expenses. Make sure you have the policy you need to protect yourself and your car.

If you’re looking for auto insurance in Illinois, be sure to contact OnQuote Insurance. We offer various coverage options, including personal injury protection, property damage liability, and legal expense coverage. Contact us today to get started.

Common Ways That Illinois Business Owners Can Amend Their Commercial Insurance Policies

OnQuote Insurance strives to help Illinois residents find the coverage they need to protect their assets. We proudly serve as an independent agency. This allows us to offer our clients a wide variety of options to make the best decision for their future. We will consult with you and help you find a policy that directly aligns with your needs.

Common Ways That Illinois Business Owners Can Amend Their Commercial Insurance Policies

Millions of Illinois businesses are active in the marketplace competing to stand out. A strong commercial insurance policy can help your business reach the next level. Commercial insurance is an asset because it protects you if your daily equipment and inventory are damaged due to a natural disaster or stolen. The policy also covers your property if damaged in an accidental fire. Liability coverage is a significant part of your policy. Liability coverage protects you if a guest is injured while visiting your property. You are also covered against potential allegations that your products caused harm or damaged property. Workers compensation allows you to take care of your employees if they are injured in an accident. While looking over your policy, here are a few popular ways that you can add extra coverage

Commercial Auto Insurance

Commercial auto insurance is an asset if you transport goods or offer delivery services. This type of coverage protects your commercial vehicles if something happens to them while you’re on the job.

Business Interruption Coverage

Perhaps your place of operations suffers extensive damage due to an accidental fire or explosion. Business interruption coverage steps in to help you continue running your businesses somewhat normally until the necessary repairs are made.  

OnQuote Insurance Will Help You Protect Your Assets

Contact us today to learn more information about commercial insurance.

Home Insurance Policy Guide

OnQuote Insurance helps Illinois residents find coverage. We are an independent agency. This allows us to offer our clients flexible policies that align with their individual needs. We have relationships with multiple carriers throughout the state. Our policies are designed to evolve over time as our client’s needs change.

Home Insurance Policy Guide

Your Illinois residence is one of your most prized possessions. Home insurance helps you protect your asset against potential risks. The foundation of your home insurance policy is property damage coverage. The exterior and interior of your home are covered against potential damages. Perhaps an accident occurs, and your walls suffer damage. Maybe your roof is severely damaged due to the harsh Midwest winter conditions. Home insurance will protect you in these situations. If your home suffers serious damage, you can add coverage to protect you as you search for another place to stay until the necessary repairs are made. 

All of your important possessions inside your home are also covered if they suffer damage. You are also covered if you are the victim of a burglary and your possessions are stolen or vandalized. It’s a good idea to take inventory of your possessions as soon as you move into your home. This makes it easier for you to replace any damaged items. 

Liability coverage is also an important part of your policy. Liability coverage protects you if a guest is injured while they are visiting your property or if you accidentally injure your neighbor’s property. Liability coverage also covers any accidental property damage caused by your children.

OnQuote Insurance Will Help You Protect Your Assets

Visit our website to learn more information about home insurance.

Is Auto Insurance Required in Illinois?

If you have a vehicle, you know that you’ll likely need to have some form of insurance. New drivers in Illinois may not know for sure what insurance they’ll need. It can help to talk to an agent from OnQuote Insurance about what’s required in your situation. 

Auto Insurance in Illinois 

Do you need to have automobile insurance in Illinois? The short answer is yes. You are required to have basic liability insurance in an amount that’s appropriate for your vehicle. This protects you in the event that you get into an accident. 

At Fault Insurance 

Illinois goes by a fault system that means the individual who is considered to be an adult for causing the auto accident will be responsible for compensating people who were harmed in the crash. The at-fault party should have adequate insurance that will cover such losses up to the limits of their policy. They will be responsible for the costs of vehicle damage and compensation for injuries and other losses that arise from the accident. 

Auto Insurance Claims in Illinois 

In this state, the individual who has been injured or suffered damage from an auto accident can do one of the following things: 

  • File a claim with their insurance provider (as long as the loss is something that would be covered under their policy), after which the company likely will initiate a subrogation claim against the at-fault driver’s insurance provider
  • File a third-party claim directly with the insurance company of the at-fault driver
  • File a personal injury lawsuit against the at-fault individual in civil court 

When you want quality auto insurance and to know you’re getting the appropriate coverage for your needs, consider OnQuote Insurance of Illinois. We’ll help make it an easier process to get the insurance you need. 

Required Commercial Insurance in Illinois

When you own a business in Illinois, there are required types of commercial insurance as well as types of commercial insurance that are recommended but not mandated. If you are interested in getting commercial insurance, call us now at OnQuote Insurance in Illinois to find out more. 

Workers’ Compensation

Workers’ compensation insurance is required for most Illinois businesses. If your business has even one employee, even if they are just part-time, your business is required to carry this insurance. This type of insurance pays the medical bills and other costs that result from an accident that happens at work. This kind of insurance protects you as a business owner because it pays those medical bills and other costs so that your business doesn’t have to. It protects employees by making it easy to get those funds so that they don’t have to sue your business. 

Commercial Auto Coverage

If your Illinois business owns a vehicle, it is required to have a commercial auto insurance policy. There is a specific minimum amount of bodily injury liability required for one person who becomes injured in an accident that is caused by the driver of your business vehicle. There is a second amount required for all of the people who are injured in the accident. There is also a minimum amount required for property damage liability. In addition, Illinois requires uninsured motorist coverage with one set minimum required for one person injured and another minimum required for everyone who is injured. 

Get Commercial Coverage

When you need commercial insurance, you can call us at OnQuote Insurance in Illinois to find out more about the many types of commercial insurance that can protect your business. Coverage like business owner’s insurance and cyber insurance may be right for protecting your business from a number of risks. 

Is Home Insurance Mandatory?

Should you only buy insurance if it’s required by law? If you answered yes, you are very wrong. Buying insurance because it’s a legal requirement is getting your financial priorities wrong. Similarly, you are also missing the point if you are not buying insurance because it isn’t required by law.

Back to home insurance. Is it mandatory? No Illinois law requires you to invest in home insurance. However, if a federal-regulated financial institution has financed you, they may require you to purchase basic home insurance. Why? You see, just like you, your lender has a financial interest in your home. As such, it makes sense to secure it until you have paid off your mortgage.

Why should I invest in home insurance?

Asking whether you need home insurance is like asking whether you need a health insurance plan. While both aren’t required by law, you still need them to cushion you when the unthinkable happens. You need to purchase home insurance from OnQuote Insurance because it protects you in the following areas;

  • Liability protection: Home insurance protects you when accused of property damage and bodily injury by others. It also comes to your rescue when sued by third parties.
  • Asset protection: Home insurance protects your building and the contents inside from perils like fire, theft, vandalism and other natural disasters.
  • Loss of use: If your home becomes unlivable due to damage by a covered risk, home insurance puts you in a hotel or a home equivalent to your home until your dwelling becomes habitable once again.
  • Medical payments: Your home insurance pays for medical costs for injuries sustained by third parties while on your premises.

Would you like to protect your Illinois home with homeowner’s insurance? Please get in touch with OnQuote Insurance for an affordable quote.

How Illinois Residents Can Find Coverage For Their Modified Vehicles

OnQuote Insurance provides coverage to Illinois residents. We are an independent agency. We have a working relationship with several carriers throughout the Midwest. We help our clients find policies designed to meet their unique needs. We can help you find coverage to minimize risks and enjoy a comfortable lifestyle.

How Illinois Residents Can Cover Their Modified Vehicles

Auto insurance helps Illinois drivers enjoy peace of mind while they are out on the road. Collision coverage protects you if your vehicle is damaged in an accident. You are also covered if you are held liable for any property damage or if someone gets hurt. You can inquire about a more comprehensive policy to cover your vehicle if it is stolen or damaged due to a natural disaster. Comprehensive coverage also covers your vehicle if you need emergency assistance.

If you are a car collector, you will likely customize your vehicle in some fashion. Your auto insurance may be impacted by your upgrades. Once you have changed the vehicle, you now have a modified car. Whether you choose to tint your windows or change the suspension, it is classified the same. Many standard auto insurance policies do not cover upgrades unless you amend your policy. If you upgraded your stereo system or installed a navigation system, you can add customized parts and equipment coverage to protect you if those items are damaged.

It may also be a good idea to have your vehicle appraised. That way, you will have a clear idea of your vehicle’s true value if something happens to it. If you plan to drive your custom vehicle less frequently, that could also lead to a change in your policy.

OnQuote Insurance Will Help You Protect Your Assets

Visit our website to learn more information about auto insurance.  

How Commercial Insurance Can Save Your Illinois Business

Small businesses operate on a tight budget. As such, many small business owners may find overlooking commercial insurance with a view of saving some dollars. Unfortunately, this move can be catastrophic when calamities strike. Without commercial insurance, one significant risk like theft and fire can wipe your business finances, complicating your survival.

Have you been thinking of getting commercial insurance in Illinois? You are on the right track. All you need is to contact OnQuote Insurance to purchase coverage. As a result, business insurance will save your business as follows: 

Liability protection

Did you know one significant legal suit can grind your business to a halt? Given that we live in a litigious society, it’s critical to protect your business from claims arising from property damage, bodily injury, and advertising injury you may cause to third parties. 

Protects your assets

What would your business be without assets such as computers, inventories, furniture, and so on? The truth is that your business can’t function without assets. That said, it’s paramount you protect yourself if perils like fire, theft, vandalism, and natural disasters strike. 

Protects your workers

Since employees form a crucial component of your business, it’s wise to invest in commercial insurance to protect them from illnesses and work-related injuries. Additionally, when you purchase worker’s comp insurance, it compensates your employees for loss of income when they can’t resume work following their injuries. 

It saves your business finances

When considering running your business without commercial insurance, think about the cost of lawsuits from employees and third parties? What about the cost of replacing your assets when damaged? The amount could be massive. Luckily, commercial insurance saves your business such expensive mishaps.

Buy commercial insurance in Illinois

To find out the commercial insurance coverages suitable for your business, why not get in touch with OnQuote Insurance. After analyzing your business needs, we will be happy to provide you with a competitive quote.