Illinois Business Insurance
Speak with a licensed insurance agent: 1-866-283-7545
Monday – Friday, 7am – 10pm ET
Saturday – Sunday, 8am – 5pm ET M – F, 7am – 10pm ET
Sat – Sun, 8am – 5pm ET
Small business coverage in the Prairie State
Illinois is consistently among the top five states in terms of the number of small businesses. It’s important for those who have a business in Illinois – or are thinking of starting one – to be aware of state requirements and best practices. Getting business insurance in Illinois is a smart step toward meeting legal requirements and client expectations.
Top covered industries in Illinois
Many small businesses in Illinois can find insurance coverage with Hiscox with tailored policies that address each business's specific needs and risks. With the right liability insurance in Illinois, you can handle legal costs without disrupting your business operations. Some of the most common small businesses in Illinois that are insured through Hiscox include IT consultants, photographers, real estate agents, business consultants, and personal trainers.
More professions we insure in Illinois
Illinois small business insurance
If you’re looking for liability insurance in Illinois for your business, you have come to the right place. We customize our small business insurance in Illinois to the specific risks you face, ensuring you get the right coverage at the right price. Hiscox small business insurance products include:
How much does business insurance in Illinois cost?
In Illinois, the cost of a business insurance policy depends on different factors like industry type, location, the number of people your business employs, and more. It also depends on the type of insurance you are purchasing.
From Hiscox, general liability insurance costs as little as $30 a month, while professional liability insurance starts at $22.50 per month. A business owner’s policy starts at $41.67 per month, and cyber security insurance is available for as little as $30 per month*.
To learn how much insurance will cost for your Illinois business, and find out exactly what you need, get a quote.
*Actual cost, premium, and coverage are subject to the unique considerations of each individual risk. Customer quotes are based on the information provided to Hiscox, and are subject to required underwriting and rating factors. Until an official customer quote is provided, all communication is provided as an example for informational purposes only, and is neither an offer nor a guarantee of available premium or coverage.
Is business insurance required in Illinois?
In Illinois, workers' compensation insurance is mandatory for businesses with one or more employees. Other types of IL business insurance, such as general liability, professional liability, a business owner’s policy (BOP), and cyber security insurance, may not be legally required by the state. However, they may be necessary due to client contracts and industry regulations.
How Hiscox can help your small business in IL
- Flexible payment options: We offer you the option of making monthly, quarterly, semi-annual or annual payments (with no fees) to help you manage your cash flow.
- Claims responsiveness: When a claim is reported, Hiscox will immediately assign a dedicated claims representative to assist you.
- Customized insurance: Insurance customized to meet your business needs and save you money.
Get a fast, free quote now and get that Hiscox confidence behind your New York business. If you prefer, you can call us at 1-866-283-7545 and speak with a Hiscox licensed agent, Monday – Friday, 7am – 10pm ET; Saturday – Sunday, 8am – 5pm ET.
Hiscox customer reviews
Steven, Oswego, IL
"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.”
Important Notice to Illinois Residents
Following the recent storms that caused extensive damage in Illinois, we have taken steps at the request of the Department of Insurance to help our policyholders and claimants in the affected area – Christian County. Any policies issued in this county for the period between November 23, 2018 and January 23, 2019, we will:
- Not issue any cancellation or nonrenewal and may extend the moratorium as warranted in light of an individual’s particular circumstances, as we determine in our reasonable discretion;
- Provide a 60-day extension to comply with policy provisions that impose a time limit, such as the need to submit a proof of loss or claim information or make necessary repairs; and
- Refrain from canceling or non-renewing policies due to an increase in the risk originally accepted or geographic location.
Illinois consumers may contact the Department of Insurance by calling its toll-free complaint hotline at 1-866-445-5364 or submitting a complaint online at https://mc.insurance.illinois.gov/messagecenter.nsf
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. 5 Concourse Parkway, 21st Floor, Atlanta, GA 30328.