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Get customized business insurance in Illinois and Indiana
There is no one-size fits all commercial insurance policy for business owners because every business is different. While you may get some protection from the type of business structure setup like an LLC or Corporation but that protection is usually limited to your personal property. Business insurance can fill in the gap to make sure both your personal assets and business assets are protected from unexpected events.
Many business insurance policies include basic coverage such a property, liability, crime and commercial auto insurance, as well as optional insurance coverage such as workers compensation. Many small businesses opt for a business owners policy (BOP) which combines commercial property insurance, general liability insurance, crime insurance and other coverages into one convenient package.
General liability insurance
This policy covers the most common risks of running a small business, such as accidental customer injuries. It’s often required for client contracts and commercial leases.
Learn more about General Liability
Business owner’s policy (BOP)
A BOP combines property insurance and general liability insurance under one joint plan. Often times, it’s the most cost-effective type of commercial insurance for a small business.
Lear more about Business Owner’s Policy
Professional liability insurance
This policy helps cover legal expenses in the event that the business is sued. This type of policy is also known as errors and omissions insurance.
Learn more about Professional Liability
Workers’ compensation insurance
This policy is required in almost every state for businesses that have employees. It can cover medical costs for work-related injuries and illnesses.
Learn more about Workers’ Compensation
Liquor liability insurance
This policy provides coverage for legal fees, settlements, and medical costs if alcohol is sold to an intoxicated person who then harms others or damages property.
Learn more about Liquor Liability
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Get the Business insurance you need with Magnum Insurance. Talk to an agent today by giving us a call or visiting one of our offices located across Illinois and Indiana.