Does Your Small Business Need a Business Insurance Policy?

If your small business is growing quickly, you are probably considering buying an Illinois business insurance policy. Running a business can be risky, and in order to protect its growth, you need to be covered when the unexpected happens. But, how do you know when your company gets to a point where it needs insurance? The best way to find out is by talking with an insurance broker. But first, here are some factors to consider.

A lot of small businesses are based in the owner’s home. If that is the case, then you probably won’t need a real business insurance policy. Instead, you can buy a Business Property Rider on your homeowner’s insurance policy. Also, if your company’s assets are below $10,000, you can buy a home-business insurance policy.

If your company’s property extends to outside your home, then your homeowner’s insurance will no longer cover it. At that point, you will need a real Business Insurance Policy. If you own the property that your business is occupying, then you will need to make sure the whole building is insured.

At Insurance Navy in Palos Hills, we provide the best and most affordable business insurance. If you have questions about our cheap business insurance policies, the Insurance Navy agents are standing by. If you want to learn more about how to find inexpensive business insurance policies in Chicago, please visit our website at

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