Business & Commercial Insurance
Business & Commercial Insurance Information
In a litigious society, mistakes can quickly lead to lawsuits with the potential to cause financial hardship for your business. Business insurance can help protect your business from costly out-of-pocket expenses when these losses occur.
Contact Oak Knoll Insurance in Wilmington, Illinois, to learn more about our business insurance coverage.
How Does Business Insurance Work?
Business insurance refers to a broad range of insurance coverages that can protect your company from legal liability, employee lawsuits, property damage and other common losses. In exchange for your insurance premiums, your insurer is legally obligated to pay covered losses up to your policy limits.
How Much Business Insurance Do I Need?
Your business insurance needs will vary with the risks your company faces. In some states, certain types of business insurance are required (e.g., workers’ compensation). Specific industries may have additional business insurance requirements.
The following are some common types of business insurance coverage:
- Professional liability insurance
- General liability insurance
- Business income insurance
- Employment practices liability insurance
- Commercial property insurance
- Workers’ compensation insurance
- Commercial auto insurance
The agents at Oak Knoll Insurance can help you find the right business insurance for your needs. Contact us today to get started with a business insurance quote.
How Often Do You Pay Business Insurance Premiums?
Although individual insurance policies vary, business insurance premiums are typically paid monthly. However, some insurers may offer discounts if you elect to pay your premiums annually. Contact Oak Knoll Insurance to learn more about potential savings.
How Much Does Business Insurance Cost?
Your insurance company will look at numerous factors when determining the cost of your insurance policy. They may consider the following:
In some cases, you may be required to pay a deductible, which is an out-of-pocket amount before your insurance coverage kicks in.
How Do I Get Business Insurance?
We’re here to help you find the protection you deserve. Contact Oak Knoll Insurance to learn more about our business coverage and to speak to an insurance agent.
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