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:

• The business is located outside of your home
• You employ fewer than 100 employees with less than $5 million in annual sales
• You own/lease property or equipment that needs protection
• You would like to protect investments in your business

Commercial property insurance protects your business from a small to major loss.
Examples include:

• If a fire that destroys your building and contents inside
• A burst water pipe that damages important documents
• A storm that damages exterior collateral, like your outdoor sign
• Regardless if you own your building, lease office space, or work from home, business property insurance can protect your business's real assets.

Commercial property insurance can protect the future of your business by protecting the following:

• Business building
• Outdoor signage
• Furniture and equipment
• Business inventory
• Business fencing and landscaping
• Damage to others' property

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:

• Lawsuits, settlements, and investigations
• Medical and injury damages and attorney fees
• Abuse coverage for liability

Incidents that are not covered by a standard general liability insurance policy:

• Auto-related coverage
• Employee injuries
• Intentional acts
• Crime-related losses

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:

• Forgery or alteration coverage
• Employee dishonesty coverage
• Employee theft of money and securities coverage
• Burglary coverage
• Computer fraud

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:

• Workers compensation
• Business interruption
• Equipment breakdown
• Cybersecurity
• Employee health benefits
• Dental - vision - disability - group life insurance
• Surety bonds for contractors

Commercial insurance FAQs
When determining the insurance coverage, your business needs, consider the following:

• Location
• Number of employees
• Years in business
• Gross annual revenue
• Whether your business rents or owns vehicles
• Whether your business rents, leases or owns the building(s) they operate from

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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​Organizations use commercial utility trailers to transport machinery and equipment, as well as goods and supplies to different places. Commercial trailers that are used specifically for business must have valid registration and insurance with the state motor vehicle department. Remember, different states have different insurance requirements.

What does the trailer insurance include?

In many situations, the liability insurance from commercial auto insurance cover extends to trucks and trailers. However, there are limits to this policy, and it may not be sufficient to protect your business. The trailer insurance aims at protecting you against losses caused by different risks.

Normally commercial auto insurance coverage does not indemnify the trailer itself in case of a loss. So, if your trailer is involved in a gruesome accident, the damage may not be compensated. But commercial trailer insurance can protect you in this, including other risk factors such as vandalism, theft, or fire.

In certain situations, especially for specialized trailers, it could be costly to replace a trailer than replacing a van or truck. Thus, trailer insurance is imperative for business owners in this line of business.

How much does Commercial Trailer Insurance Cost?

Insurance costs for trailers tend to vary based on the kind of trailer in question and its value. Driving records of those behind the wheel and claims history, also play a crucial role in calculating premiums to be paid. However, getting a quote is easy; you only need to contact a reliable commercial trailer insurer to get started.

Benefits of having commercial truck insurance:

Tax
 
This type of insurance is a tax-write off. Remember, commercial truck insurance is a business expense; everything about it involves spending money, from the trailer upkeep to purchasing gasoline. Think about the savings your business will benefit while working safely on the road with this insurance.

Security

Another notable benefit of this type of insurance is the protection for the employees. Trucking Companies already have a lot to be worried about, and if you can solve one major issue, such as ensuring the safety and care of your drivers, you must do so. Commercial truck insurance ensures the driver and other designated users have medical coverage in case of an accident. 

Protecting Property

Equipment used in commercial trucking is expensive, not to mention the cargo. It is extremely important to protect company and client assets, including trailers, trucks, and cargo.  Damage caused by a commercial trailer accident can be devastating to a small business. You could be responsible for replacement goods or need to refund your clients for purchases that fell through as a result of the accident.  This can be made possible without affecting the operating capital of your business by purchasing commercial trailer insurance.

Savings

The last and the most important advantage could be savings you can make as a company and a business owner. Typically, businesses associate commercial trailer insurance policies with high rates, and sometimes this can’t be avoided, but shopping your insurance with a multi-line carrier could prove a profitable phone call.   Kelly Lee Insurance works with over 50 independent carriers to ensure his business clients get the coverage they need at the best rates available.

It Protects the Image of Your Business

How people see your business can determine your business success in the future. If you have a positive brand, it is easy to convince potential customers to do business with you. But, if your company does not pay for liabilities caused by accidents, it can become challenging to find  new clients and customers.

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