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Did you know that Illinois was ranked the second-best state for corporate projects for a second year in a row by a leading publication in the United States last year? The state attracts leading companies with countless openings and expansions every year. The state stands out for its growing market, and talented workforce. Amid the thriving business environment in “the Prairie State,” it’s important for companies to secure a business insurance from a trusted provider to avoid unexpected financial losses
Business insurance is important for the success of your company whether it’s a startup or a recognized brand in Illinois. It can cover the costs of legal fees, property damage and even help with lost income during difficult times. The right types of coverage helps businesses focus on driving productivity. Remember, business owners face risks everyday as part of normal operations so it’s necessary to have coverage that meets all of your demands. In this article, we shall be listing nine leading business insurance providers along with their services and which industries they serve.
Thimble

Thimble specializes in providing flexible business insurance coverage to small companies and freelance contractors in Illinois. Their products include general liability, professional liability, and workers’ compensation cover.
Their services are targeted towards industries such as events, cleaning, construction, and many others. They have a platform through which companies can purchase a policy within seconds. You don’t have to deal with the hassle of going through the paperwork when applying for coverage. Thimble makes it easy to manage business insurance coverage.
NEXT Insurance

NEXT Insurance offers custom insurance plans to small businesses and freelance workers. Apart from general liability and workers’ compensation, Next insures commercial auto and property insurance to Illinois businesses.
The industries they provide their services to include retail, construction, fitness, and professional services. With NEXT Insurance by your side, working with an insurance provider has never been this easy. The company simplifies the process with fast quotes, easy online management, and budget-friendly plans, allowing businesses to grow while staying protected.
Hiscox

Hiscox stands out as a reliable insurance provider for small and mid-sized businesses in Illinois, offering a variety of coverages with general liability, and business owner’s policies to name a few. With a strong reputation in providing flexible policies to clients, Hiscox’s services help companies associated with technology, marketing, consulting, and professional services industry meet their requirements.
Customers can get quotations, and submit claims through the company’s website with ease. Through competitive prices and fast-paced services, Hiscox facilitates companies by helping them avoid unexpected hurdles.
InsuranceBee

InsuranceBee offers a range of business coverages such as general liability, workers’ compensation, commercial auto, cyber insurance to Illinois businesses. helps companies access the most effective and cost-effective coverages.
Their business insurance services help clients in retail, technology, medical, and construction professions. InsuranceBee works closely with customers, helping them get the coverage they desire at reasonable costs.
Tivly

Tivly, which was known as CommercialInsurance.net before its rebranding, is a commercial marketplace that gets businesses in touch with over 200 reliable coverage providers in Illinois and get them the policy they are looking for.
The coverage options include general liability, professional liability, commercial property, and workers’ compensation amongst a variety of benefits to businesses associated with retail, technology, medical, and construction sectors.
Tivly stands out for its affordable coverage plans that can be easily managed through its online platform.
The Hartford

Hartford has been helping businesses with their insurance needs for the past 200 years. They provide a range of insurance coverages to industries such as retail, medical, construction, and manufacturing.
Some of their products include general liability, professional liability, workers’ comp, commercial autos, business income, and equipment breakage coverages. The Hartford even covers employment practice and commercial umbrella, offering companies a full suite of coverages to safeguard operations, workers, and assets.
Progressive

Progressive offers a variety of business insurance options for a variety of industries in Illinois. Their coverage options range from general liability, to professional liability, to business owners policies, workers’ compensation, and many more.
The company even provides coverage to commercial automobiles. Progressive facilitates retail, construction, medical, and professional services companies with flexible policies designed for each field’s specific requirements.
Liberty Mutual
Liberty Mutual, established in 1912, is a prestigious insurance company with a complete range of business coverages for companies. Their products include general liability, professional liability, workers’ compensation, commercial autos, business income, and equipment breakage coverages. They serve industries such as construction, healthcare, manufacturing, and technology. The company employs over 45,000 employees in over 900 locations worldwide.
Main Street America Insurance

Main Street America Insurance offers a complete suite of commercial coverages specifically for small businesses in Illinois. Their products include general liability, commercial autos, workers’ compensation, umbrella, surety bonds, flood, and farm and ranch coverages, business owners policies.
They specialize in providing coverages to companies involved in retail, medical, construction, and manufacturing sectors, Main Street America’s coverage plans allow companies to operate with a peace of mind knowing that their insurance needs are well-looked after.
Brief Comparison Of Illinois’ Leading Insurance Companies
The table below will provide a clear understanding of the nine companies, their services, and key features that have made them a household name in the industry.
Insurance Provider | Coverage Options | Unique Selling Points |
Hiscox | General liability, professional liability, business owner’s policies | Customizable plans, fast claims, competitive rates |
Tivly | Liability protection, workers’ compensation, commercial property | Wide provider network, efficient matching, budget-friendly |
Thimble | General liability, professional liability, workers’ compensation | Quick quotes, project-based policies, minimal paperwork |
Next Insurance | General liability, professional liability, workers’ compensation, commercial auto, business property | Fast quotes, online management, budget-friendly options |
Liberty Mutual Insurance | General liability, professional liability, workers’ compensation, commercial auto, business property | Global presence, customizable policies, claims management support |
Main Street America Insurance | General liability, workers’ compensation, business owners policies, commercial auto | Tailored coverage for small businesses, affordable rates, broad protection |
Progressive | General liability, workers’ compensation, commercial auto, professional liability | Flexible policies, competitive pricing, 24/7 service |
InsuranceBee | General liability, professional liability, commercial property, cyber liability, business interruption, workers’ compensation | Easy comparison tool, wide provider network, affordable rates |
The Hartford | General liability, business owner’s policies, workers’ compensation, commercial property | 200+ years of expertise, financial stability, small business support |
Top Cities in Illinois for Business Insurance
Numerous businesses across various industries are operating in Illinois. Top-rated insurance providers are serving clients in these following localities, helping businesses to protect their investments in today’s competitive market.
- Chicago
- Aurora
- Naperville
- Rockford
- Joliet
- Elgin
- Peoria
- Springfield
- Champaig
- Wheaton
- Skokie
- Des Plaines
Illinois Government Resources for Business Insurance
Check out these government resources about business insurance for the state of Illinois:
Illinois Department of Insurance (IDOI)
Illinois Small Business Development Center (SBDC)
Illinois Workers’ Compensation Commission (IWCC)
Illinois Department of Employment Security (IDES)
Illinois Department of Revenue (IDOR)
U.S. Small Business Administration (SBA) Illinois District Office
Conclusion
Choosing a proper business insurance carrier is important in securing your business future. Insurance coverage takes care of any unexpected events, offering peace of mind and financial security. This is why you should get an experienced insurance firm in Illinois to take care of financial losses that you didn’t see coming.
If you’re thinking about expanding your operations outside of Illinois, check out our listings of leading business insurance companies in financial hubs such as Arizona and California, whose industries are growing at a rapid pace. You can also contact Illinois’ leading firms for business loans and financing. For expert analysis and insights, visit Sophisticated Investor and view the best options for your company’s insurance needs.