Below are additional insurance topics and official Illinois resources that may be helpful to individuals, property owners, landlords, contractors, and business owners.

Condo / HO-6 Insurance & Association Master Policy

Important information about condominium association insurance requirements, master policies, unit-owner responsibilities, liability, and individual HO-6 coverage.

Official Resource:Illinois Condominium Property Act

Read more:https://www.ilga.gov/Legislation/ILCS/Articles?ActID=2200&Chapter=PROPERTY&ChapterID=62&MajorTopic=RIGHTS-AND-REMEDIES

Renters Insurance

Renters insurance may help protect a tenant’s personal belongings, liability, and additional living expenses.

A landlord’s insurance generally protects the building — not the tenant’s personal property.

Official Resource:Illinois Department of Insurance — Homeowners & Renters

Read more:https://idoi.illinois.gov/consumers/consumerinsurance/homeownerrenter.html

Certificates of Insurance / Additional Insured / Waiver of Subrogation

Businesses, contractors, landlords, and commercial tenants may be required to provide Certificates of Insurance and specific policy endorsements.

Requirements may include:

  • Additional Insured
  • Waiver of Subrogation
  • Primary & Noncontributory
  • Specific Liability Limits

A Certificate of Insurance is evidence of coverage and does not replace the actual insurance policy or endorsement.

Official Resource:Illinois Department of Insurance

Read more:https://idoi.illinois.gov/

Policy Cancellation & Nonrenewal

Illinois law includes requirements for insurance policy cancellation and nonrenewal notices.

Notice periods may depend on:

  • Policy type
  • Reason for cancellation
  • Length of time coverage has been in force
  • Nonpayment of premium
  • Underwriting changes

Official Resources:Illinois Insurance Code

Cancellation — Read more:https://www.ilga.gov/documents/legislation/ilcs/documents/021500050K143.16.htm

Nonrenewal — Read more:https://www.ilga.gov/documents/legislation/ilcs/documents/021500050K143.17.htm

Insurance Audits & Loss Runs

Workers’ Compensation and certain General Liability policies may be subject to insurance audits.

Audits may review:

  • Payroll
  • Sales
  • Subcontractor costs
  • Employee classifications
  • Certificates of Insurance
  • Actual business operations

Loss Runs show the business’s prior insurance claim history and may be required when obtaining new commercial insurance.

Official Resource:Illinois Department of Insurance — Workers’ Compensation

Read more:https://idoi.illinois.gov/wc-fraud.html

Builders Risk Insurance

Builders Risk insurance may be important for:

  • New construction
  • Major renovations
  • Building additions
  • Rehabilitation projects
  • Property under construction

Builders Risk is different from General Liability and protects qualifying property during construction.

Official Resource:Illinois Department of Insurance

Read more:https://idoi.illinois.gov/

Inland Marine / Tools & Equipment Insurance

Inland Marine coverage may help protect qualifying:

  • Tools
  • Equipment
  • Mobile property
  • Contractor equipment
  • Property in transit
  • Property temporarily located away from the business premises

Commercial Auto and General Liability should not automatically be assumed to cover tools or mobile equipment.

Official Resource:Illinois Department of Insurance

Read more:https://idoi.illinois.gov/

Employment Practices Liability — EPLI

Employment Practices Liability Insurance may help protect businesses against certain employment-related allegations, including:

  • Wrongful termination
  • Discrimination
  • Harassment
  • Retaliation
  • Other qualifying employment practices

Illinois businesses should also understand applicable employment laws.

Official Resource:Illinois Human Rights Act

Read more:https://www.ilga.gov/legislation/ILCS/details?ActID=2266&ActName=Illinois+Human+Rights+Act.

Cyber Liability & Data Breach Requirements

Businesses that collect or store personal information may have legal responsibilities following certain data breaches.

Cyber Liability Insurance may help with qualifying:

  • Data breaches
  • Ransomware
  • Network attacks
  • Privacy incidents
  • Cyber business interruption
  • Notification expenses
  • Forensic investigation
  • Certain cybercrime losses

Official Resources:

Illinois Personal Information Protection Act

Read more:https://www.ilga.gov/Legislation/ILCS/Articles?ActID=2702&ChapterID=67

Illinois Biometric Information Privacy Act — BIPA

Read more:https://www.ilga.gov/Legislation/ILCS/Articles?ActID=3004&ChapterID=57

Commercial Crime / Employee Dishonesty

Commercial Crime insurance may provide protection against certain losses involving:

  • Employee theft
  • Employee dishonesty
  • Forgery
  • Funds transfer fraud
  • Computer fraud
  • Theft of money or securities

Coverage varies significantly by insurance policy.

Official Resource:Illinois Department of Insurance

Read more:https://idoi.illinois.gov/

Insurance Fraud / Misrepresentation

Insurance applications and policy information should always accurately reflect the actual risk.

Important information may include:

  • Drivers
  • Garaging address
  • Property occupancy
  • Business operations
  • Payroll
  • Sales
  • Claims history
  • Vehicle use
  • Property condition

Material misrepresentation can affect policy eligibility, cancellation, or claim coverage.

Official Resource:Illinois Insurance Code

Read more:https://www.ilga.gov/Legislation/ILCS/Fulltext?DocName=021500050K154

Vacant Property Insurance

Vacant homes and commercial buildings may require specialized insurance.

Standard homeowners or commercial property policies can contain significant restrictions when a property becomes vacant.

Property owners should notify their insurance agent when a building becomes vacant.

Official Resource:Illinois Department of Insurance — Property Insurance Information

Read more:https://idoi.illinois.gov/consumers/consumerinsurance/homeownerrenter/shopping-tips-and-information.html

Short-Term Rental / Airbnb Insurance

Standard homeowners or landlord insurance should not automatically be assumed to cover short-term rental activity.

Property owners using platforms such as Airbnb or other short-term rental arrangements should verify:

  • Property coverage
  • Liability coverage
  • Business-use restrictions
  • Local licensing requirements
  • Municipal regulations

Official Resource:Illinois Attorney General — Landlord & Tenant Rights

Read more:https://illinoisattorneygeneral.gov/Page-Attachments/LandlordAndTenantRightsLaws.pdf

Medical / Wellness / Med Spa Insurance

Medical, wellness, and med spa businesses may require specialized coverage depending on the services provided.

Insurance may include:

  • General Liability
  • Business Personal Property
  • Professional Liability
  • Medical Professional Liability
  • Cyber Liability
  • Workers’ Compensation
  • Commercial Property
  • Employment Practices Liability

Professional licensing requirements vary by service.

Official Resource:Illinois Department of Financial & Professional Regulation

Read more:https://idfpr.illinois.gov/

Bonds & Surety

Businesses and contractors may need different types of Surety Bonds.

Common bonds include:

  • License & Permit Bonds
  • Bid Bonds
  • Performance Bonds
  • Payment Bonds
  • Maintenance Bonds

Public construction projects may be subject to additional Illinois bond requirements.

Official Resource:Illinois Public Construction Bond Act

Read more:https://ilga.gov/Legislation/ILCS/Articles?actid=541&chapterid=7

Illinois Insurance Complaints & Consumer Assistance

Consumers and businesses may contact the Illinois Department of Insurance regarding concerns involving:

  • Insurance companies
  • Insurance agents
  • Claims
  • Cancellations
  • Nonrenewals
  • Premiums
  • Refunds
  • Sales practices
  • Policy issues

Official Resource:Illinois Department of Insurance — File a Complaint

Read more:https://idoi.illinois.gov/consumers/file-a-complaint.html