Unfortunately, for all of us, disaster is always just a few moments away. Chances are, you know the validity of this saying from firsthand experience. While most disasters and tragedies are largely unavoidable, there are things you can do to protect yourself from being significantly impacted by these events. For example, you can ensure that you are properly insured. Fortunately, we offer commercial insurance to the residents of Louisiana. For more information about our commercial insurance policy, read below.
Commercial Insurance in Louisiana
Undoubtedly, you need exceptional coverage to protect your valuable business assets. Fortunately, here at Workman Insurance Group, we offer stellar commercial insurance policies that will meet your every need. Some elements of a commercial insurance include:
- Commercial Property - This type of commercial insurance will come in handy if you suffer losses to buildings, inventory, furniture, equipment, and other tangible equipment. Commercial property will also provide coverage for consequential losses, such as the loss of extra expenses, business income, and rents. Windstorm, fire, theft, vandalism are common causes of damage.
- Commercial General Liability - This type of commercial insurance is intended to protect operators and business owners from liability exposures that result from property damage and bodily injury. Exposures encompass liability that arises from accidents related to the operations, premises, products, and projects, of the insured.
- Business Auto - This type of insurance will provide you with coverage in the event you are held liable legally for property damage or bodily injury to a third party related to the operation, use, or ownership of company vehicles. Collision coverage will also provide you with protection in the event your company vehicles are damaged due to contact or collision. Comprehensive coverage will provide you with protection if something other than a collision damages the company vehicles.
- Workers Comp - Workers' compensation law is governed by statutes in every state. Specific laws vary with each jurisdiction, but key features are consistent. An employee is automatically entitled to receive certain benefits when she suffers an occupational disease or accidental personal injury arising out of and in the course of employment. Such benefits may include cash or wage-loss benefits, medical and career rehabilitation benefits, and in the case of accidental death of an employee, benefits to dependents. The Negligence and fault of either the employer or the employee usually are immaterial. Independent contractors are not entitled to workers' compensation benefits, and in some states domestic workers and agricultural workers are excluded or only partially covered.
Undoubtedly, commercial insurance is a must if you own or manage a business in Louisiana. For more information about the commercial insurance policies we offer here at Workman Insurance Group, don't hesitate to contact us.