Are you a small business owner? You may have heard of commercial insurance, which protects your business, its employees, and your organization’s physical assets. Various types of commercial insurance policies exist, including general liability, commercial vehicle, workers’ compensation, umbrella, and business property. Depending upon the size and type of the business, commercial vehicles, workers’ compensation, property, and general liability policies may be required in Illinois. Speak with an insurance agency, such as Green Family Insurance Inc. to determine your needs. <\/p>\n
When you take out a commercial insurance policy, you’ll receive a certificate of insurance reflecting the amounts and types of coverages issued to your business. The certificate of insurance may list one or more of the following:<\/p>\n
Certain types of businesses are considered at greater risk than others. Establishments that deal with alcohol, vehicles, and events are a few examples. Lower risk establishments may not need the same level of liability or property coverage. Small businesses without employees may also be exempt from taking out workers’ compensation policies. <\/p>\n