Sample Quotes

General Liability coverage is the most basic type of commercial insurance and is limited to liability claims of bodily injury or property damage. Coverage is provided for accidents on your premises or at your customer's location.

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General Liability and Property Quote:
Coverage Amount -

$1,000,000	General Liability per Occurrence
$2,000,000	General Liability Annual Aggregate
$1,000,000	Personal & Advertising Injury per Occurrence
$2,000,000	Products Completed Operations Aggregate
$300,000	Damage to Rented Premises
$10,000	Medical

Property Coverage:
This coverage protects your business assets in the event of theft, fire, etc. and is included in the quote.

$10,000	Business Property
$50,000	Business Computer & Media *
$5,000	Laptop Computer - World-Wide *

* A package endorsement has been added to provide this coverage for the optimal price/value. To see a summary of all property coverage, including computers and media, see this document.

$500	Property Claim Deductible

$350.00 to $900.00 Typical Annual Premium

Coverage for claims in excess of your General Liability coverage. This coverage is available only in combination with General Liability.

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Umbrella Liability Quote:
Coverage Amount -

$1,000,000	Per Occurrence and Aggregate
$10,000	Retention (Deductible)

$450.00 Typical Annual Premium

Provides the medical and disability coverage amounts required by state regulation.

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Workers' Compensation Quote:
Employers Liability -

$1,000,000	Bodily Injury by Accident, Each Accident
$1,000,000	Bodily Injury Disease, Each Employee
$1,000,000	Bodily Injury Disease, Policy Limit

Payroll -

State	Class	Payroll
IL	8859-02	$140,000

* owner/officer payroll may have been adjusted to state guidelines.

$641.00 to $1,100 Typical Annual Premium (Based on state rates and payroll)

The above Workers Compensation premium is auditable. Following the expiration of the policy term, the insurance company may contact you requesting a report of the actual payroll during the policy period. If your actual payroll amounts are different from the estimate provided on your application, it may result in an additional premium charge or a premium credit. Also it is important to notify the carrier or our agency when employees are hired during the year that reside or will be working for an extended period of time outside of your company's domiciled State.

Professional liability coverage protects you against loss from a claim of alleged negligent acts, errors or omissions in the performance of your professional services.

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Professional Liability (Errors and Omissions) Quote:
Coverage Amount -

$1,000,000	Per Occurrence
$1,000,000	Annual Aggregate
$2,500	Deductible

$1,000.00 to $1,500.00 Typical Annual Premium

The Errors and Omissions coverage and premium quoted above does NOT include unauthorized access and malicious code coverage. This may be important if you provide security services for your clients including fire wall and anti-virus application services. The additional premium is typically around 5%.

The Errors and Omissions coverage and premium quoted above does NOT include intellectual property liability coverage. This is sometimes referred to broadly as intellectual property liability and cyber liability coverage and is most often required by software developers, Web Developers, and ASPs, etc. If you would like more information about protection against these risks, please contact us.

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Claims Made Notice:
All Errors and Omissions policies quoted are issued on a "Claims Made" basis. This means that coverage is only provided for work that is done while the policy is in force and for claims that are filed while the policy is in force.

Fidelity Bond (Third Party Employee Dishonesty) provides coverage when an employee steals money, equipment or other assets from one of your clients.

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Fidelity Bond Quote:
Total Employees Covered: 1 to 10
Coverage Amount -

$1,000,000
$50,000	Deductible

$1,850.00 Typical Annual Premium