Commercial Insurance

Being a smart business owner means being proactive and prepared for any risk your business may face. Having adequate coverage for every aspect can make the difference between the success and failure of your business. Allow our team commercial insurance experts to help you create a comprehensive package to suit your specific needs.

What is Commercial Insurance?

Commercial insurance protects your business investment by minimizing financial risks associated with unexpected events such as the death of a partner, an injured employee, a lawsuit, or a natural disaster.

Business insurance is a broad name for different coverages available to the business owner to protect against losses and ensure continued operation.​

Major Types of Business Insurance

General Liability Insurance 
  • A standard insurance policy is issued to protect businesses against liability claims for bodily injury and property damage resulting on the premises, from products, or resulting from completed or current operations.
Commercial Auto Insurance
  • This option covers cars, trucks, motorcycles, and other road vehicles owned by or operated within a business. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and any potential liability. Commercial auto insurance may also offer financial protection against vehicle theft, and non-collision sustained damage.
Commercial Property Insurance
  • This option covers the risk of loss or damage to an organization’s buildings, grounds, or personal property of the insured or others on site. Coverage can be provided on an all risk or specific perils basis.
Commercial Umbrella Insurance
  • Commercial umbrella insurance is liability coverage in excess of other specified policies and can also potentially serve as primary insurance for losses not covered by the other policies. When an insured business is liable to someone, the insured's primary insurance policies pay up to their limits. Any additional amount is paid by the umbrella policy (up to the coverage limit).
Professional Liability Insurance
  • Professional liability insurance (PLI) is also known as professional indemnity insurance (PII) but is more commonly known as errors & omissions (E&O) in the US. It is a form of liability insurance that helps protect the business, providing professional advice and services from bearing the full cost of defending themselves against legal actions, including negligence claims, and damages awarded in such a civil lawsuit. Professional liability coverage may also cover defense costs, including groundless claims.
Business Owner's Package
  • A business owner's package (BOP) is an insurance policy that combines protection from all major property and liability risks in one package, typically bundling all basic coverages required by a business owner. It is usually sold at a premium that is less than the total cost of the individual coverages. BOPs are usually intended for small- to medium-sized businesses, and typically include business interruption insurance, which provides reimbursement of lost revenue resulting from an insured property loss for up to a year.
Worker's Compensation
  • Worker’s compensation is a form of insurance providing wage replacement and medical benefits to employees injured during the course of their employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.
Group Health Insurance
  • Group health insurance coverage is a policy purchased by an employer and offered to eligible employees (and often their families) as a benefit of working for that company. It is generally one of the most important features of an employee benefits package.
Group Life Insurance
  • Group life insurance (also known as wholesale life insurance or institutional life insurance) is term insurance that covers a group of people, usual employees of a company, members of a union or association, or members of a pension or superannuation fund. Individual proof of insurability is not normally a consideration in the underwriting. Rather, the underwriter considers the size, turnover, and financial strength of the group.
Group Disability Insurance
  • Group disability insurance provides regular income replacement payments to an insured member of the group in the event of an eligible disability resulting from illness or injury. Coverage is generally offered as either short-term disability (STD) or long-term disability (LTD).
Supplemental Insurance
  • Supplemental insurance is additional insurance available for purchase to help cover services and out-of-pocket expenses not covered by a regular policy.​

    Contact us to learn more about the right business insurance for you.
(630) 550-0150
​201 E Army Trail Rd. Ste 210
Bloomingdale, IL 60108
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