Small businesses make up a considerable proportion of all businesses. The number is 99.9 percent. There are more than 30 million small businesses in the United States. This leaves a lot of businesses at risk for all the things that could go wrong. We are independent agents at NCIB Group Inc. in Chicago, IL, offering our customers more choices and personalized service. 

Property coverage

Bad things happen even to good businesses, and the property coverage that commercial insurance provides can help your business recover from the results of a covered hazard. Even if you are a renter, it is beneficial. It helps to replace the things that you use to do business. This includes office equipment, tools, machinery, inventory, raw materials, display units, etc. 

Liability coverage

One of the biggest dangers that any business faces is being sued. If you don’t have commercial liability insurance and get sued, the legal fees alone can kill your business. The chances that your business will be sued at some point are very high, and being prepared for a judgment against you is imperative. This is a case of an ounce of prevention is worth a pound of cure. 

Workers Compensation

In Illinois, if you have even one employee, they need to be covered by workers’ compensation insurance. They do not have to be full-time; one part-time employee is enough. 

Commercial auto insurance

If your business owns or uses even one vehicle, it should be covered by commercial auto insurance. If you are using your personal vehicle to do business, you run the risk of having any problems not being covered. 

Contact our team at NCIB Group Inc. in Chicago, IL, when you are ready to discuss the types of commercial coverage that can save your small business.