As the name implies, commercial insurance protects businesses, including the owners and their employees. Since every business is different, there is not an across the board insurance policy for all small business owners.
For example, a frozen yogurt shop has different insurance needs than that of a car repair shop or a digital marketing company. That is why many small businesses select a business owner's policy (BOP), which combines general liability insurance, crime insurance, commercial property insurance, general and additional coverages in a convenient package.
A business owners policy might be right for your business if:
Commercial property insurance protects your business from a small to major loss.
Commercial property insurance can protect the future of your business by protecting the following:
General liability insurance helps cover attorney's fees, medical expenses, and damages you are found legally responsible. General liability insurance can cover defense costs, regardless of fault, and offers protection for judgments, court costs, and more.
GLI (General Liability Insurance) can be easily customized with a variety of options to best suit your business. Because business needs vary so widely, our agents work with you to determine the right type of commercial liability insurance for the various stages of your business. Endorsements are available to meet the specific needs of your business.
Who needs general liability insurance?
General liability insurance coverage provides protection against:
Incidents that are not covered by a standard general liability insurance policy:
Crime-related losses are not usually covered by commercial property insurance. You may want to consider purchasing a commercial crime insurance endorsement for the following:
Commercial insurance definition
Simply put, commercial insurance is a single policy or multiple policies designed to protect business, the owners, and their employees. Most basic business insurance policies include coverage for property, commercial auto insurance, liability, crime and optional insurance coverage:
Commercial insurance FAQs
When determining the insurance coverage, your business needs, consider the following:
Would you like information on commercial insurance in Lake Charles Louisiana for your business? Call our office to discuss your unique bunsiness insurance needs (337) 656-2890.
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