Category: Commercial Insurance

Operating a thriving business in Huntley, IL always comes with unique inherent risks. Risks ranging from a client being injured on your business premises, a natural disaster striking, to a client filing a lawsuit may disrupt your business operations. Therefore, it is imperative for a business owner in Huntley, IL to have solidified commercial insurance in place to safeguard your business and your assets and employees. Protecting your precious investment is an instrumental element in ensuring you have a thriving business. Are you a business owner in Huntley, IL searching for commercial insurance? Don’t look beyond August Vincent Insurance Agency. Our agents will help you to select outstanding commercial insurance meeting your needs and budget. Keep reading to establish why commercial insurance is an absolute necessity.

Protection of your employees

What happens if one of your employees gets extensive injuries or gets ill while working on your premises? Securing workers’ comp insurance is paramount as it caters to your worker’s medical care if they sustain a work-related injury or contract an illness. It also replaces some of their lost income partially and avails financial benefits to deceased workers’ families.

It’s a legal requirement.

Many states, including Illinois, advocate for small businesses to maintain workers’ comp insurance if a business entity possesses employees. It caters to the medical expenses accrued by your workers if they suffer any work-related injury or contract general ailment.

Protection of assets

 Did you know that Illinois is home to 1.2 million small businesses? Therefore, businesses are susceptible to vagaries of nature like hailstorms damaging your business assets. Therefore, commercial insurance is an instrumental option that can safeguard a business’s assets ranging from treasured fixtures to computers and inventory.

It covers advertising liability.

If your business entity violates the copyright rules of some other parties or business, it can culminate in a copyright infringement issue. Luckily, liability insurance kicks in and caters to legal liability against such claims. 

Are you a business owner in Huntley, IL searching for commercial insurance to safeguard your business and employees? Please call or visit us at August Vincent Insurance Agency; our agents do our best to protect our clients with affordable and sufficient coverages. 

Regardless of your Huntley, IL business size, it would help if you had commercial insurance to thrive in the uncertain business environment. Like health or car insurance, commercial insurance is one coverage that you wish you never have to use. But because you can’t predict risks, business insurance is the safety net you run to when the unthinkable strikes your business venture. 

Unfortunately, many small businesses operate without commercial insurance. In fact, many have confessed to have not bought commercial insurance after one year of being in operation. While this might seem like a saving, it’s a recipe for disaster. Just one catastrophe is enough to wipe your beloved business. In light of this, August Vincent Insurance Agency shares must-have coverages for a small business. 

Liability coverage

If you live in America, you know that legal suits can strike anytime. And boy, you better have liability coverage when lawsuits come calling. Legal cases can be expensive, especially when ruled against your favor. As such, you need liability coverage to cover claims against property damage, property damage, and advertising injury facing your business. 

Workers’ comp insurance

While workers’ comp insurance is mandatory in Illinois, this shouldn’t be the only motivation to purchase this coverage. Workers’ comp insurance protects your most valuable assets — the employees. This coverage pays for the medical costs, partial loss of wages, and funeral expenses following your employees’ work-related injuries and other illnesses. 

Commercial property insurance

What would a business be without assets — your building, inventory, furniture, computer equipment, and other assets support almost all your business operations. In light of this, you need insurance that protects your assets against perils like fire, vandalism, theft, and natural calamities. 

Commercial auto insurance

Again, this is a mandatory requirement in Illinois, but there are plenty of reasons to purchase this coverage beyond compliance. It protects your business against liability claims for accidents your driver is deemed liable. Besides, it covers damages to your car and injuries to your driver.

Buy commercial insurance today!

Now that you are aware of commercial insurance add-ons to consider, it’s time to purchase coverage from August Vincent Insurance Agency. Contact us or visit our Huntley, IL today.