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What type of insurance do you need?
Last year small businesses in Louisiana made $440 billion. If your business doesn't have insurance, you'll have to pay for claims out of pocket, taking away from your hard-earned revenue.
40% of small businesses are likely to experience a property or general liability claim in the next 10 years. Here are some things these companies have been using their insurance on:
Louisiana business insurance covers the cost of claims so that you don't have to pay out of pocket for property damage, liability claims or vehicular accidents.
Here’s what a standard business insurance policy should do:
Pay For Damage To Your Building
Pay For Damage To Your Business Property
Pay For Damage To Someone Else’s Property
Pay For Someone Else’s Medical Bills
Pay For Accidents in Company Vehicles
Pay For Employee Injuries & Compensation
Even though businesses aren't legally required to have commercial insurance, there are some types of insurance that are required in Louisiana.
For example, you'll need workers' compensation insurance for all employees, and you'll need commercial auto insurance for all company vehicles.
To learn more about coverage that you may need to carry, you can talk with a local independent insurance agent.
It primarily depends on how risky your business is. The riskier your business is, the higher your insurance will be. Here are two examples.
Business insurance rates are determined by several variables. The crime rate in your area, the liability risks in your industry and common workplace hazards will influence your rates. Talk to an experienced insurance agent to find the best business insurance for your unique needs.
It’s usually wise to work with an independent agent in Louisiana since they have access to multiple insurance companies. Sometimes its difficult to find an insurance company who will cover your business.
Number of businesses in the US: 27,626,360
Burglary rate per 1,000 residents in the US: 3.76
Auto theft rate per 1,000 vehicles in the US: 2.29
|City||No. businesses||Burglaries / 1,000 people||Auto thefts / 1,000 cars|