There are several state and federal requirements for business insurance if you have employees – even if you only have one employee. You are required to have disability and unemployment, and depending upon the state you live in, there may be other requirements as well. In order to avoid the pitfalls of not meeting federal or state guidelines on the correct type of insurance you need to have, it is best to contact a company that specializes in insurance. Always get quotes from more than one source, however, and try to get a competitive rate in order to save yourself money.
After you have gotten the required business insurance, now it is time to look at kinds of optional insurance that can help protect your business, you employees, your property and your product. There are several options available for those with employees. You may need liability insurance if the employees may be in danger, such as independent contractor work. You may also be able to offer employees health insurance as well. For your property, if you own it, you may still need to add additional business insurance onto your existing policy for that piece of property, or you may need renter’s insurance.
If your company focuses on providing a service rather than a product, you may not need product liability insurance. However, business insurance will not always include coverage for every kind of risk, so it is important that you look into product liability of you make or sell any kind of product. Product liability can help protect you and your company from litigation about the product. If you have a product that has a defect that was not your fault, it would still be possible to get sued by a disgruntled customer, and product liability insurance can protect
At Anderson Insurance Brokers, we have all forms of Business Insurance including Business Auto, Commercial General Liability, Workers Compensation and many more. we can quote any of these policies within 20 minutes while you are on the phone.
We are open saturdays 9-5 p.m. Cost of driving insurance is too expensive and most cases your liability insurance is much cheaper. Any questions please give us a call we are open from 8:30 a.m. to 7:00 p.m. Monday through Friday and saturdays 9:00 a.m. to 5:00 p.m. we are here to serve you. Please visit us at our 2 locations @ 3542 W Montrose Ave Chicago, IL 60647 phone # 773-588-3500 fax # 773-588-0500 and Wheaton location @ 1831 E Roosevelt Rd Wheaton, IL 60187 PHONE # 630-681-8000 FAX # 630-681-0000. We also renew license plate stickers at both location make it a one stop shop, also ask on how to get a $20 gift card.