Any business involved in producing products or goods should consider manufacturers' insurance. This includes:
Most fabricating and manufacturing businesses in Illinois benefit from a Business Owner's Policy (BOP). This comprehensive policy combines three critical coverages, offering cost savings and robust protection for your enterprise.
Protects against lawsuits resulting from accidents or property damage caused by your business operations. It also covers claims of slander and libel, excluding professional services, which require separate professional liability coverage.
Safeguards your business premises and essential tools, whether owned or leased. This includes protection for machinery such as plastic injectors and molds.
Covers lost income if your operations are halted due to property damage or loss from events like fires or storms.
Workers' Compensation Insurance
Workers' compensation insurance, which is required in most states, benefits employees suffering work-related injuries or illnesses. Coverage includes medical expenses, lost wages, and legal fees if an employee's family sues due to the injury or illness.
Commercial Auto Insurance
Consider commercial auto insurance if you or your employees use personal vehicles for business purposes—such as meeting clients, attending conferences, or picking up supplies. This policy offers coverage beyond personal auto policies, protecting you in case of accidents involving work-related vehicle use.
