Workshop Recap: Business Insurance Basics

General liability may be the only insurance you need to get a business license in Chicago, but will it cover all the scenarios you’ll encounter as a business owner? Probably not.

Tommie “TJ” Johnson of Farmers Insurance and Tara Hill of New York Life Insurance shared their expertise with business owners at an informative session July 30 at Smith Village. The two professionals covered the basics of business insurance policies and the different types you might need. These include employment practices liability insurance (EPLI), business owner’s policy (BOP), retirement & succession plans, life insurance, employee insurance, disability insurance, and more. Johnson and Hill emphasized the importance of reaching out early to determine the best insurance for your business, especially before a claim needs to be made. The two women have different insurance specialties, and both are available for local appointments.

In addition, Kimberly Harris of The Eye Bar Optics presented information about optical plans that business owners can purchase for themselves and their employees or as individual annual memberships. The one-year membership includes an eye exam, exclusive eyewear and contacts pricing, and maintenance over the year. For eyeglasses only, the membership price is $149.95, and for contacts too, the membership price is $195.95. The Eye Bar Optics will refer patients out should their eye exam turn up any optical issues needing medical care. The Eye Bar Optics is located at 1439 W. 103rd St.