Louisiana Business Insurance - Metairie, Lafayette, Baton Rouge, LA

Do I need business insurance?

Whether you need Louisiana business insurance depends on the nature of your business and the amount of liability exposure that you have from the service that your company offers.

For more information determining if you need business insurance, please call (504) 780-9980, and ask for Eric C. Huerta.

Why is it a good reason to have Louisiana business insurance for your business?

The short answer: in case an accident occurs in which an employee and/or client is injured.

Examples:

• A UPS delivery person slips in your building during a rainy day while delivering office supplies to your location.
• A number of children have severe allergic reactions after eating cookies you manufacture, and you had forgotten to list whey in the ingredients on the cookie.
• You pull a healthy tooth from your patient’s mouth, and she sues you for malpractice.
• A customer slips on a just-washed floor in your market and breaks her ankle.

Types of Louisiana Business Insurance:

Professional Liability Insurance (Errors and Omissions, E & O)

Louisiana professional liability insurance, also referred to as Errors and Omissions insurance or E & O, is insurance to protect you and your Louisiana company in the event a client alleges they have suffered a financial loss as a result of an error or an omission committed by you in the delivery of your professional services. This coverage is separate from a General Liability (GL) policy which would cover you mainly for bodily injury or property damage liability.

Worker's Compensation Insurance

Workers Compensation Insurance provides medical disability coverage for your company employees in the event of a work related illness or injury. The employer’s liability portion of most workers compensation policies protects your Louisiana company in the event that an employee files suit claiming that your company’s negligence was the cause of the work related illness or injury. Worker’s compensation insurance is required in many states.

Business Liability Insurance Package Policy

Often referred to as a Business Owners Policy (BOP), a General Liability insurance package policy protects your company in the event that a client is injured on your premises of if you or one of your employees injures someone or damages property at a client’s location. The General Liability insurance coverage on a Louisiana business liability insurance policy also meets your landlord's requirement that you carry business premises liability insurance

Umbrella Liability Insurance

An Umbrella Liability (more accurately Excess Liability) insurance provides coverage for claims that exceed the amount of coverage on your Louisiana General Liability insurance policy and may also add coverage to your Commercial Auto coverage as well as the Employer's Liability coverage on your Worker’s Compensation policy. Coverage is triggered when claims are in excess (thus the name) of the underlying insurance.