The type of commercial insurance you need will depend on the size of your business and your industry. You work hard to grow and maintain your business, and you don’t want to experience losses due to an accident or unforeseen circumstances. Insurance & Financial Services Inc. can protect your business from these events in Baton Rouge, LA.
Required Commercial Insurance in LA
If you have employees, you are required to have workers compensation insurance. This covers the employee’s medical expenses and lost wages in the event they are hurt on the job and protects the owner from liability.
If vehicles are driven for business purposes, you are required to have commercial vehicle insurance. This includes both company-owned vehicles and private vehicles that are driven while doing work for the business. A pizza delivery driver and an employee who is sent to the store to pick up business supplies are a few examples.
Recommended Commercial Insurance
In addition to state-mandated coverage, you may need other types of insurance to protect your business.
Commercial Property Insurance is available for those that own and lease the property. It covers any damage done to the property or the contents, similar to a homeowners policy.
General Liability Insurance protects you from liability in the event that a non-employee is injured on your property. Businesses that serve the public like stores and restaurants can benefit from this type of insurance.
Product liability insurance will protect your business from injuries or damages sustained from products that you manufacture or sell. Any business that manufactures or sells physical products should consider this insurance.
These are a few types of commercial insurance that you may need in Baton Rouge, LA to protect your business. To get a tailor-made insurance package that meets all of your needs, contact Insurance and Financial Services Inc.