Know more about commercial insurance cover for your business

Commercial insurance in Chicago IL, is a must have for small, medium and large size businesses. Having this type of insurance coverage, business owners can be rest assured, their premises, tools, equipment and all other belongings are covered against the uncertain. Incidents like robbery, property damage or a workplace injury to your employees or guests are usually covered under commercial insurance in Chicago IL. This type of insurance policy falls under general liability and workers compensation insurance.

Property insurance
Property insurance includes the damages done to the belongings and business property. Most commercial insurance policies may also offer coverage for equipment breakdowns. As the insurance will be for business interruption, it will cover wages and all other expenses till the business starts functioning again.  

Liability insurance
Liability insurance protects business organizations in case they are sued for any injury taking place in business premises. Malpractice insurance is another type of coverage that covers business errors. For instance, if an application or a form is not filled properly and the customer takes the business to the court, it will be covered. 

Workers Compensation
On the other hand, workers compensation insurance covers injuries at workplace. In majority of areas, some or the other type of workers' compensation insurance is a must have for businesses. As there are no limitations for the coverage amount, employees cannot sue the employer for any kind of damages during an injury. 

Vehicle Insurance
Commercial motor vehicles coverage is also other type of commercial insurance in Chicago, IL. This policy is perfect for businesses that use motor vehicles for jobs and for traveling. Plumbers, contractors, courier services, etc, that deal with delivery of merchandise, can find this type of insurance quite beneficial. Typically, commercial vehicle insurance covers losses that occur due to theft and accidental damage.

Types of commercial insurance packages
Commercial insurance packages are of two types - commercial property or commercial general liability. These are amongst the most popularly used ones. Others include things like commercial automobile, crime and inland marine. One of the best advantages of commercial insurance in Chicago, IL, is the fact that the entire coverage comes included in a single premium. Thus, you do not need to pay separately for different insurance policies. 

With different insurance providers offering different level of coverage, it is important to compare the insurance cost and coverage. Based on this, you can opt for the insurance provider that offers best coverage at reasonable costs