Business Insurance in Oswego, Naperville, Plainfield, and St. Charles
Business insurance, also known as commercial insurance, refers to a range of coverages that can help protect your company from financial losses. Finding the right business insurance policy can provide peace of mind and financial security. Contact RKM Insurance Services Inc. in St. Charles, Illinois, to learn more about our business insurance policies.
What Does Business Insurance Cover?
When it comes to business insurance, there is no one-size-fits-all policy. As a business owner, you should evaluate your risk or ask your insurance agent to help determine which coverages could benefit your company.
The following are common business insurance coverages for you to consider:
- Data breach insurance
- General liability insurance
- Commercial property insurance
- Workers’ compensation insurance
- Commercial auto insurance
- Business income insurance
- Professional liability insurance
- Commercial umbrella insurance
- Employment practices liability insurance
Additional business insurance policies may be available.
How Much Business Insurance Do I Need?
In Illinois, workers’ compensation insurance is required for all businesses with employees, even if they work only part-time. Additional coverages may be required for certain industries. For example, commercial auto insurance may be mandated if you have business-owned vehicles. Ask your insurance agent about state requirements that may apply to your business.
How Much Does Business Insurance Cost?
Several factors will affect your business insurance premiums. Here are some examples of business characteristics your insurer may consider when determining your rates:
- The number of employees
- Your coverage policies and amounts
- Your industry risk
- Your claims history
- Your payroll size
- Your company revenue
- Your location
How to Get Business Insurance
The agents at RKM Insurance Services are here to help. Contact us to get started with a free business insurance quote and to learn more about our business insurance offerings.