What should my Louisiana commercial insurance policy cover?
Before purchasing any type of commercial or business insurance, ensure you review the policy with experienced attorneys. It’s important your policy is tailored to your specific needs and cover as many losses as possible. The main policies available to businesses include:
- Auto insurance, which provides comprehensive coverage if your business has company cars and trucks.
- Business interruption insurance, which helps cover lost income if your business comes to a halt due to damages.
- Flood insurance, which is typically a separate policy. The National Flood Insurance Program is a federal program that assists with this. If you work in a city like New Orleans, you must consider flood insurance.
- Liability insurance, which covers you if someone is hurt on your property, or if actions on your end causes some sort of loss.
- Property insurance, which protects against disasters like hurricanes, fires, vandalism, theft, and other losses and damages to your building and surrounding property.
Depending on the nature of your business, you may need additional coverage, like cybercrime insurance, equipment breakdown insurance, or workers’ compensation insurance. Our Louisiana attorneys can provide the guidance you need to make informed decisions.
As you can see, commercial insurance can be complicated, necessitating many policies to protect your interests. In the event of a loss, it can take some work to figure out which policy should go into effect.
What types of damages does Louisiana commercial insurance cover?
After events like hurricanes, fires, or theft, your insurance should cover damages and losses to your business property, including:
- Siding and exterior walls
- Signs and outdoor lighting
- Windows and doors
Depending on your insurance policy, this coverage may be more or less. Ensure you read your policy thoroughly to avoid unpleasant surprises.