If you need help with: New life insurance Term Life Whole Life Indexed Universal Life Living Benefits Mortgage Protection Policy replacement Beneficiary changes Policy lapse Reinstatement Business life insurance Employee or owner coverage contact Insurhaus. Insurhaus 630-786-9971 info@insurhaus.com www.insurhaus.com Your Life. Your Business. Under One Roof. Important Notice This information is provided for general educational…
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Important Illinois insurance requirements, registration rules, coverage information, and official resources for recreational vehicles and watercraft.
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Illinois has enacted a new mandatory watercraft liability insurance law. Beginning January 1, 2027, liability insurance will be required when operating: A motorboat with more than 50 horsepower A motorboat over 21 feet long A personal watercraft such as a Jet Ski or WaveRunner The required liability policy must meet at least the Illinois minimum…
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Motorcycles operated and registered in Illinois are subject to the Illinois Mandatory Insurance Law. Minimum liability limits are: $25,000 Bodily Injury — one person $50,000 Bodily Injury — per accident $20,000 Property Damage Commonly shown as: 25 / 50 / 20 These are only legal minimums. Higher liability limits may provide substantially better financial protection.…
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Illinois' Mandatory Insurance Law also applies to recreational vehicles operated on public roads. Minimum liability limits are generally: 25 / 50 / 20 Registered RVs are also subject to Illinois electronic insurance verification. Read more:Illinois Secretary of State — Mandatory Insurance RV Insurance Is More Than Auto Insurance Motorhomes can create both automobile and residential-style…
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Insurhaus can help with: Boat Insurance Personal Watercraft Motorcycle Insurance RV / Motorhome Insurance Trailer Coverage Umbrella Liability 630-786-9971info@insurhaus.comwww.insurhaus.com Your Life. Your Business. Under One Roof. Important Notice This information is educational and not legal advice. Illinois requirements and insurance policy provisions may change. Actual coverage is determined by the issued policy.
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Important insurance requirements, Workers’ Compensation rules, General Liability information, audits, loss history, contractor rating factors, and surety bond requirements for Illinois businesses. Workers’ Compensation Insurance Is Mandatory for Most Illinois Employers Illinois has one of the broader Workers’ Compensation requirements in the country. If an Illinois business has one employee — even one part-time employee…
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General Liability is one of the core insurance policies carried by contractors and businesses. It may respond when the insured business becomes legally responsible for covered bodily injury or property damage. For contractors, important General Liability exposures can include: Damage to customer property Injuries to third parties Jobsite accidents involving non-employees Completed operations Work performed…
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A contractor’s General Liability premium is not based on one single factor. Insurance companies usually evaluate the actual business exposure. Depending on the type of business, the premium may be based partly on: Payroll Common for many contractors. Gross Sales or Revenue Common for certain businesses and contractor classifications. Subcontractor Cost Especially important when the…
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Workers are classified according to the type of work they actually perform. Different operations have different expected injury frequency and severity. For example: Office clerical employees Sales employees Carpenters Roofers Electricians Plumbers Concrete workers may all have different Workers’ Compensation classifications and rates. This is why accurately describing the business is extremely important. NCCI specifically…
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