We can help you save money on Business Insurance!
Below is a short list of some of the coverages available for businesses.. There are many more.
With our broad network of carriers we can insure many businesses that other agencies cannot.
If you have just started looking for business insurance or are frustrated by companies not wanting to insure your type of business. You came to the right place.
Contact AAIA and let us customize a Business or Commercial policy to fit your specific needs!
There are so many types of business that there is no typical price.
For instance, a small business may pay less than $800 per year, but a large business could pay over $100,000.
The best thing to do is to give AAIA a call and let us get you the appropriate coverage at a price you can afford!
Unlike Car insurance, there are no state insurance requirements for a business.
Most property managers you will rent/lease from will have minimum insurance requirements, so will most companies you do business with.
If you have business auto's, technically you would only have to insure them for the state minimum, however:
1) No insurance company is going to insure your business auto's with limits that low
2) Any entity that you do business with will probably have $1M minimum Liability requirements for your business/commercial auto plan
Business Insurance like all other Insurance, is designed to insulate your business from law suits and other occurrences like theft and fires that could completely destroy the business you have worked so hard to establish.
Examples:
Whether you are starting a new busines or have been in business for years, AAIA will work to find you top rated insurance providers at an affordable price.
First, you should make sure you register your business. In Illinois, this is done with the State of Illinois at the Illinois Secretary of State website.
Second, you will need your FEIN (Federal Tax ID number). If you do not have one we suggest you apply for one at IRS.GOV they are free. If you do not have one, we will have to use your social security number.
Third, if you have been in business and have had insurance we will need loss runs from your previous insurance company. We need this to prove you had insurance and to prove how many (if any) claims you have had in the past 5 years. Businesses that have a previous insurance history generally get a better rate than businesses that have been uninsured. If your business is brand new then you obviously will not have loss runs or prior insurance proof.
Lastly, be open and honest when we discuss your business insurance needs so we can put the appropriate coverage in place for you.
Fill out a contact form, call or text us to provide us basic information.
After we find the best quotes for you and your needs, we will present them to you.
After we get the final rate for you, you decide on what date you want your new policies to start.
Don't see your question? Feel free to fill out the contact form, call us or even shoot us a text at 224-877-2242. We will reply as soon as we can. Usually within a few hours.
If Purchased, a Business/Commercial Liability Umbrella policy is an extra layer of protection to go over your business policies in the event that a liability claim is in excess of your Business/Commercial policy limits. If its Business policy related, whether at your location, at a customers location, or from an auto accident caused by you or your employee while on a mission for your business, (just some examples) the Business/Commercial Liability Umbrella could give you an extra layer of protection. Usually protection starts at $1M and limits can go as high as $10M.
If you don't have business insurance and someone is injured at your business, or you or an employee of your business injures someone or damages property while away from your location but during a business operation, you could lose everything and you would be put out of business.
Additionally, most property managers you will rent/lease your location or equipment from will have minimum insurance requirements. You'll find that most companies you do business with will have them as well. Without business insurance it will be almost impossible to find customers and rent/lease a physical location.
On top of that if you have Employees and do not have Workers Compensation insurance in place, your business could suffer large fines from the State of Illinois as a result.
Illinois does not have a requirement for a business to have insurance.
However:
Yes, every business should have insurance. It's much better to have insurance and never need to use it, than to need to use it and not have it.
Not all companies sell Business Insurance, and some companies that do sell business insurance will only insure certain types of businesses.
AAIA has access to many different companies that will insure a wide variety of businesses.
In order to apply for Business Insurance you will need to:
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