If you own a small business, you should look into commercial insurance. We can provide you with the appropriate coverage here at Bolivar Broussard and Company Insurance in Louisiana. Commercial insurance is a type of insurance that provides protection for general business risks. It can protect both your business and your employees in the event something was to happen. It works by protecting your business legal claims and settlements.
If you want to remain protected from financial loss, make sure you choose the right coverage for your business. You can choose one of the following:
Louisiana state law does not require any business to have liability insurance. This is because the state is known to be a pure comparative negligence fault state. This means that the plaintiff will be able to recover even regardless if she is or is not at fault. There are no personal injury caps in the state. A good rule of thumb is for businesses to carry anywhere between $500,000 to $1 million. If you own a high-risk business such as a restaurant, you may want to consider increasing your coverage. Premiums are always based on the types of services and or products that your business provides.
On the other hand, it is a legal requirement in the state to carry worker's compensation insurance if your business has at least one employer working full time or part-time. There are other types of commercial insurance that you can choose from which are:
Please visit our Bolivar Broussard and Company Insurance website to obtain a quote today. We can help you out with any questions that you may have if you live in the state of Louisiana. We are here to make sure that your business has the necessary security needed.