Insurance is a contractual policy providing financial protection and compensation against damages and losses of personal or business properties. It’s something homeowners, motorists, and business owners must have to protect themselves and others. With most consumers, searching for the best e-commerce insurance carrier with affordable coverage is daunting and tedious. A solution is to use an independent agency with a list of independent carriers offering fast online quotes. When shopping for the right policy, consider important factors of the cost and coverage of auto home business insurance policies.
Kinds of Insurance for Homeowners & Business Owners
Homeowners and flood insurance are two different coverages in Louisiana. Many of the homeowner's policies exclude coverage for flooding. They have to purchase a separate policy for flood protection.
Personal and commercial insurance protects motorists and companies’ employees operating a motor vehicle. Private auto insurance protects drivers, passengers, and other motorists in the event of an accident. Insurance carriers offer liability and comprehensive coverages with a specified deductible, which is an obligation of the policyholder.
Worker’s compensation is a policy for protecting the company’s employees against injuries and to protect the owner’s liabilities. It is a policy mandated by the State of Louisiana.
General liability insurance - Lake Charles La - is coverage is available in a standalone and Business Owner’s Policy coverage. It covers injuries to customers, damage to property, and lawsuits. The policy carrier pays for medical and legal expenses. Businesses and the employees receive protection from lawsuits involving slander, libel, and injury.
Car insurance - Lake Charles - is a requirement in Louisiana to operate a car, truck, recreational vehicle and some all terrain vehicles. The NAIC (National Association Of Insurance Commissioners) reported Louisiana ranked number two on the 2016 Top Most Expensive States For Auto Insurance. The average expenditure was $1,302.11, which included $835.28 in liability, $438.37 in a collision, and $222.46 in comprehensive. Nationwide, average auto insurance increased by 5.3 percent in 2016. In 2015, the average cost for auto insurance in the state was $889, and in 2016 it was $955.80.
Factors To Consider When Operating a Home Business
Entrepreneurs who operate their businesses from their home should consider the following factors:
Avoid mixing personal with business when selecting coverage to protect your home, yourself, and others. It could cause issues with your blanket coverages.
If you operate out of your home, contact an insurance agent about policy options for protecting business equipment, supplies, and office furnishings. Some agents allow home businesses to purchase a policy package for covering the use of portions of the house they are conducting business.
Another option is the Business Owner Policy, an affordable option with worker’s compensation, general liability, commercial auto, and other products that meet the needs of your company.
Today, consumers can shop for insurance products using a comprehensive platform with more than 50 independent carriers in Lake Charles, LA. Request for one or more quotes from reputable carriers to find the best insurance products for the price. While statistics and data reveal a hike in auto insurance from 2015 to 2016, an insurance agency provides you with the tools to find an affordable policy within your financial means. The average cost rose by an estimated $106. Lastly, read your policy thoroughly and meet with a local insurance agent to ensure you have enough protection.