BUSINESS INSURANCE SOLUTIONS
New Orleans, Gretna, West Bank Business Insurance
Workers compensation is insurance coverage for work related illness and injury. All states require employers to carry this insurance. It is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee’s right to sue his or her employer for the tort of negligence.
General Liability insurance is coverage for the operations of your business. The policy generally covers damage to property and bodily injury to persons which you are legally liable. General Liability insurance can also protect you against any liability as a tenant if you cause damage to a property that you rent, such as by fire or other covered loss.
Commercial vehicle insurance is needed to cover the cars, trucks, and vans used in conducting your business. Like your personal auto policy, it provides similar coverages such as liability, collision, comprehensive, medical payments and uninsured motorist coverage. However, there are also differences between a commercial auto insurance policy and your personal auto policy, which may include eligibility, definitions, coverages, exclusions and limits.
Product liability is the area of law in which manufacturers, distributors, suppliers, retailers, and others who make products available to the public are held responsible for the injuries those products cause. Product liability insurance protects the business from claims related to the manufacture or sale of products, food, medicines or other goods to the public.
As a small-business owner, you may be able to protect more of your assets by investing in a commercial umbrella policy than you would with ordinary insurance. If you face a legal settlement for an amount in excess of your standard insurance, an umbrella policy could protect you from having to drain your bank account and sell your assets to cover the cost. Umbrella Insurance tends to be more cost-effective. You can spend less on premiums to enjoy significantly greater insurance protection.
Management & Professional Liability
There are several different types of policies related to Management and Professional Liability. Directors and Officers Liability (D&O) insurance provides coverage for the directors and officers of a company. Employment Practices Liability (EPL) insurance protects an organization when claims arise from an allegation of wrongful employment practices. Crime insurance addresses employee theft, credit card forgery, computer fraud and destruction of property.