Business insurance for Illinois and Chicago-area companies
From a two-person office in the suburbs to a 200-caregiver home care agency, Illinois businesses need a few core policies. Here's what the law requires, what contracts usually require, and how we help, from our office in Schaumburg.
- Required by law
- Workers' comp
- For any employer with one or more employees.
- Business vehicles
- 25/50/20
- Minimum auto liability in thousands: per person, per accident, property damage.
- Licensing minimum for home care
- $1M / $3M
- Liability required for home services agency licenses.
What Illinois requires
- Workers' compensation for any business with at least one employee, including part-time staff
- Commercial auto liability on business-owned vehicles: at least $25,000 per person and $50,000 per accident for bodily injury and $20,000 for property damage
- Industry-specific requirements, such as $1M/$3M liability for home health, home nursing and home services agency licenses
What most businesses should add
- General liability for customer injuries and property damage
- Professional liability (E&O) if you give advice or provide professional services
- A business owner's policy that bundles liability and property coverage
- Hired and non-owned auto if employees drive their own cars for work
- Employee dishonesty or crime coverage if staff handle client property or money
Why work with a local, independent agency
Online carriers sell one company's policy. As an independent agency licensed in Illinois since our founding in 1981, we compare multiple carriers, catch class code and limit problems before they cost you, and stay with you when a claim comes in. Our Schaumburg office serves employers across Chicago and the suburbs.
Frequently asked questions
What insurance is required for a business in Illinois?
Workers' compensation if you have any employees, and commercial auto liability on business vehicles. Some industries, like licensed home care agencies, also need specific liability limits.
Can I get a business insurance quote online?
Yes. Our estimator prices workers' comp and liability in about two minutes, then a licensed agent follows up to finalize coverage.
Do you only insure healthcare businesses?
No. Healthcare agencies are a specialty, but we insure offices, professional firms, retailers, contractors and other small businesses throughout Illinois.
Sources: Illinois Workers' Compensation Commission; Illinois Secretary of State; 77 Ill. Adm. Code 245.90.
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Instant workers' comp and liability estimates, with a licensed agent to finish the job.