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Illinois Business Insurance

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Illinois small business insurance

 

If you have a professional service business in Illinois, Hiscox can help you get the right protection for your business. We currently provide a range of small business insurance coverage which we tailor to your unique business needs. Hiscox business insurance products include:

 

General Liability Insurance otherwise known as commercial general liability insurance covers third part claims arising from bodily injury, related medical costs, personal injury, and damage to property can create huge costs for your company. Some examples of what could be covered are below:

 

  • Bodily injury: A client comes to an accountant’s office in Itasca on a rainy day. The client slips and falls in the entryway of the building, breaking their wrist. The accountant’s general liability policy could cover the costs associated with the client’s injury, including lost wages.
  • Property damage: An interior decorator in Lincolnshire is measuring a client’s windows for new window treatments. The stepladder falls, knocking an expensive vase off a table and breaking it. The decorator’s general liability policy could cover the cost to replace the vase.

 

Learn more about general liability insurance.

 

Professional Liability Insurance or errors and omissions insurance (E&O insurance) provides coverage for another person’s claims against businesses that provide professional and personal services. Some examples of what could be covered are below:

 

  • ‘Bad’ advice: An Oak Brook management consultant recommends several cost-cutting measures to a client company, including laying off some experienced staff. The consultant’s report is very specific about the steps to take, including severance pay. The company lays off the staff but does not follow all of the consultant’s recommendations. One employee sues the company, and the company sues the consultant. A professional liability policy could protect the consultant, including covering legal costs as well as any settlement or judgment, even if they didn’t make a mistake.
  • Dissatisfied customer: A photographer is hired to take pictures at wedding in Highland Park. The bride requests that the photographer take photos of her relatives who have travelled from outside the country to attend the wedding. The photographer tasks their assistant with taking these photos, and the assistant neglects to do so. The mistake is not discovered until after the wedding is over and the relatives have gone back home. The bride sues the photographer.  The photographer’s professional liability policy could cover the liability, even though the mistake was made by the assistant.

 

Learn more about professional liability insurance.

 

Business Owner Insurance also known as business owner’s policy or BOP insurance, combines general liability coverage with protection for your business equipment. Some examples of what could be covered are below:

 

  • A graphic designer in Oak Brook comes into their office one morning to find their high-end computer and printer have been stolen. Since these are the tools they use to do their work, they are out of business until the expensive equipment is replaced. A business owner’s policy can cover the cost to replace the equipment, letting the designer get back to work quickly.
  • Electronic data loss insurance

 

Learn more about business owners insurance.

 

Example professions we insure in Illinois:

 

How Hiscox can help you:

 

  • Flexible payment options: We offer you the option of making monthly payments (with no fees) to help you manage your cash flow.
  • Tailored Insurance: Insurance custom tailored to meet your business needs and save you money.
  • Claims responsiveness: When a covered claim is reported, we will immediately defend you even if the claim has no basis , and if necessary, appoint an attorney.
  • Worldwide coverage: We protect you for work done by your business anywhere in the world, as long as the covered claim is filed in the United States, a US territory, or Canada

 

Our products have been approved by the Illinois Department of Insurance, and are underwritten by Hiscox Insurance Company Inc., a Chicago, Illinois, insurance company. As of June 1, 2011, Hiscox’s policies comply with the Illinois Religious Freedom Protection and Civil Union Act. This law provides that civil unions and marriage are treated identically under Illinois law.

 

Reviews


Rated 4.8/5 for customer satisfaction on feefo – 8,531 reviews

 

 


Steven, Oswego, IL
"Very easy and fast service. Very highly recommended to other potential customers. Very easy and fast service. Very highly recommended to other potential customers."

 

 


Stephen, Oak Lawn, IL
"Loved the online purchasing option! Overall, my experience with purchasing a policy from Hiscox was effortless and 100% online!  I am very busy, and loved that I could purchase the policy without talking to anyone!"

 

 


Lora, Illinois
“Great service. It was an easy, simple and affordable experience”

 

 


Kathleen, Chicago, IL
"Super easy and Necessary. Very easy and straightforward.”

 

 


Eriberto, Illinois
"Great service and prices. Smooth transaction. Was a customer before and did not need insurance. Once I did require Hiscox was the first to contact. Great rate, so I did not look further. Awesome customer service.”

 

 

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This information is provided to assist you in understanding the coverage we offer and does not modify the terms and conditions of any insurance policy, nor does it imply that any claim is covered. Coverage is subject to underwriting and may not be available in all states. 

Administered by Hiscox Inc., a Delaware corporation that is a licensed insurance producer in all states and Washington, D.C. 520 Madison Avenue, 32nd Floor, New York, NY 10022.

Contact Hiscox the small business insurance specialists, and speak to one of our licensed agents today!

866-283-7545

Mon-Fri: 8am - 10pm ET