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OnQuote Insurance Blog

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. 

Home insurance FAQs

Home may be where the heart is, but it is also where lots of risks exist. As a homeowner, you can lose a lot of sleep if you don’t have good home insurance that makes you feel safe and secure. Home insurance has different parts and each one needs to be designed to suit your needs. Having an independent insurance agent who takes the time to get to know you and your finances is important. In Illinois, OnQuote Insurance is the place to come for personalized service. 

How much liability coverage do I need?

In general, it is suggested that you have at least enough liability coverage to protect what assets you have. That should include the value of your home, vehicles, and any savings that you have. The default amount is usually $100,000 and this may not be nearly enough. 

Does my home insurance cover floods?

Unfortunately, no home insurance does not cover floods. If you live in an area where floods are a danger, you should purchase a dedicated flood insurance policy. 

Is my jewelry covered by my home insurance?

Yes, jewelry is covered under contents coverage. There are limits on the coverage. Check your policy and consider adding a rider to give you additional coverage if you need it. 

If my home is damaged will I be reimbursed for living expenses?

Yes, you will be able to collect additional living costs while your home is uninhabitable up to the limit on your policy.

If my laptop is stolen from my car will it be covered by my home insurance?

Yes, it will. It is the contents of your home and even if it travels with you, it is covered. 

Contact OnQuote Insurance in Illinois when you want to make sure your home policy is customized just for you or you have coverage questions.