Is business insurance required in Illinois? 

Most employers must carry workers’ compensation insurance, and registered vehicles need liability coverage. Skipping required workers’ compensation coverage carries fines of up to $500 per day, with a $10,000 minimum. General liability may be required by a lease, license, client, lender, or contract, even when it is not required of every business under state law. 

By Heather

Heather focuses on small business insurance at Gild Insurance Agency, writing clear, practical guidance that helps business owners understand coverage, manage risk, and protect their businesses.