Notify your insurance agent when a new employee will regularly operate company vehicles. The insurer may need: Full legal name Date of birth Driver's license number State of license Driving experience An MVR may be ordered before the driver is approved.
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Tell your insurance agent when a company driver experiences a major change in driving history. Examples include: DUI License suspension Reckless driving Serious accident Multiple violations Continuing to allow an unacceptable driver to operate company vehicles can create significant risk.
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Illinois Commercial Auto policies are not treated exactly the same as ordinary personal auto policies for every statutory consumer-protection provision. Illinois law nevertheless requires insurance policies subject to applicable provisions of the Illinois Insurance Code to contain cancellation provisions. For certain policies subject to 215 ILCS 5/143.16, current Illinois law generally requires: At least 30…
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Illinois law also contains notice requirements for certain insurance-policy nonrenewals. Because the rules depend on the type of policy, insured, and statutory classification, businesses should review any nonrenewal notice immediately. Do not wait until the last days before expiration to find replacement Commercial Auto insurance. Read more:Illinois Insurance Code — Nonrenewal Notice
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Commercial Auto renewals can increase for many reasons. Possible reasons include: Accidents Traffic violations Large claims More vehicles More drivers Higher vehicle values Changes in garaging Increased operating radius Change in business activity Increased repair costs Increased liability claim severity Driver changes Coverage changes Carrier rate changes Ask your agent to compare the renewal against…
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Business receives an ILIVS letter Action:Contact your insurance agent immediately. Provide: Reference number Verification date VIN If valid coverage existed, your agent or insurer may need to verify it electronically. Registration is suspended Action:Do not operate the affected vehicle. Obtain liability insurance and follow the Illinois Secretary of State reinstatement instructions. Read more:Illinois Mandatory Insurance…
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Illinois Secretary of State — Mandatory Insurance Information about: Illinois insurance requirements Electronic insurance verification Registration suspensions Reinstatement Fines Read more:Illinois Secretary of State — Mandatory Insurance Illinois Insurance Verification System — ILIVS Used for certain Illinois insurance-verification and registration-reinstatement matters. Read more:ILIVS Illinois Vehicle Code — Mandatory Insurance Official Illinois statute. 625 ILCS 5/7-601…
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Insurhaus can help businesses insure: Contractor Trucks Pickup Trucks Cargo Vans Sprinter Vans Service Vans Company Cars Sales Vehicles Maintenance Vehicles Landscaping Vehicles Plumbing Vehicles HVAC Vehicles Electrical Contractor Vehicles Cleaning Company Vehicles Small Business Fleets Coverage options may include: Commercial Auto Liability Comprehensive Collision Uninsured Motorist Underinsured Motorist Hired Auto Non-Owned Auto Hired Auto…
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Important Illinois business insurance requirements, General Liability, Business Owners Policies, Workers’ Compensation, Commercial Property, Cyber Liability, Professional Liability, audits, loss history, certificates, and other key information for business owners. Is Business Insurance Mandatory in Illinois? Illinois does not require every business to carry one universal “Business Insurance” policy. However, certain insurance may be required because…
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Illinois generally requires Workers’ Compensation insurance when a business has: One employee even if that employee works only part time. The Illinois Workers’ Compensation Commission confirms that employees must generally be insured from the moment they are hired. There are limited statutory exceptions, but businesses should not assume they qualify for an exemption. Read more:Illinois…
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