Starting a small business in the Windy City presents a fantastic opportunity. Whether you operate a storefront or provide services throughout Chicago, IL, liability insurance is crucial. Many business owners overlook this policy, which can lead to problems later. At NCIB Group Inc., we’re committed to helping you identify the necessary insurance to safeguard your business.
The Importance of Liability Insurance for Small Businesses
Every year, small businesses across the US close due to bankruptcy. While there are numerous reasons for a business to go bankrupt, the most common is a liability claim.
Liability claims arise when your business is responsible for property damage or bodily injury.
Even with the utmost caution, accidents can and do happen. Liability insurance provides additional coverage, allowing you to file a claim in the event of an accident.
Liability insurance is a proactive financial step when starting and building a business in Chicago. Without coverage, a single accident could lead to bankruptcy. We believe this is avoidable, which is why we strongly advocate for it.
Get Your Custom Quote Today
The cost of liability insurance can vary based on coverage, your business type, and other factors. It’s also possible to bundle this with other forms of coverage that your small business needs.
You don’t want to risk not having the coverage your business needs. After all, you’ve worked too hard for a single accident in Chicago, IL, to bankrupt you.
Contact one of our agents at NCIB Group Inc. today. We can discuss your business and create a custom quote to provide you with the financial protection you need.
