Commercial Insurance in Chicago – There are Different Types of Coverage Available Depending on You

Imagine that a customer slips and falls on loose foliage at your Lincoln Park flower shop. How about if a part created in your south side tool and die company malfunctions and a person is injured? What if you miss an important deadline at your downtown law firm? What would happen if your warehouse catches on fire? All of these scenarios are terrible to think about and each one could be potentially devastating to a small business owner. However, if the business owner carries the proper commercial insurance in Chicago, then these terrible situations do not have the power to devastate.

Chicago Commercial Insurance provides a business owner with counsel in the event that the business is sued. It will also indemnify you if you must pay money damages to an injured third party. For example, maybe that customer who fell in your shop injured her leg and will file a legal complaint against the business. A general liability insurance policy will ensure that you are provided with not only indemnification if it turns out that you are required to pay her money damages, but it will also provide you with an attorney to defend you in a court of law. This type of policy covers general claims against your business. In the same way, a product liability policy will cover claims that the product you manufacture is somehow defective. The policy will also provide you with indemnification and defense counsel if you need it.

Commercial insurance in Chicago also protects professional business owners and business premises. If you are an attorney or a certified public accountant, you provide professional services to clients on a daily basis. Human error is a risk that is faced every day. If you miss a statute of limitations period or miscalculate a spreadsheet, there might be very serious consequences for your client which will in turn potentially become serious professional risk for your business. Professional Liability Insurance insures against those types of risks. Commercial property insurance insures your business premises against losses due to all kinds of risks such as fire or theft.


The above-mentioned types of commercial insurance in Chicago are not the only types of coverage available to businesses. In order to determine the right types of coverage, it is advised that the small business owner meet with an insurance broker or agent to discuss the risks posed by their business.

For more information on Chicago business insurance and some sound advice on the coverage that is right for you and your business visit
http://www.rodney4insurance.com/