COMMERCIAL INSURANCE
What should Louisiana/Mississippi business insurance include?
- Property coverage
- Liability
- Business interruption
Property coverage protects your structure and equipment assets; liability coverage reduces costs incurred from people claiming harm as a result of your business and business interruption coverage ensures you’re able to cover business expenses during a temporary shut-down.
Find out more about each area of business insurance coverage below.
PROPERTY COVERAGE
Property coverage is often divided into two parts in a business policy:
- Fixed Property (buildings, fixtures, etc.)
- Contents (equipment, inventory, etc.)
Or it can be a combined single limit.
- Your business’ property can be covered as “All Risk” or “Specified Peril”.
LIABILITY COVERAGE
Liability coverage generally protects you from claims that arise out of harm your business (including employees) caused another.
Key questions:
- Do you operate off-site?
- Do you serve alcoholic beverages at functions?
- Do you sell products that could cause harm?
- Do you or your employees operate personal vehicles at any time in the course of doing business?
BUSINESS INTERRUPTION
What happens if your business is shut down? Who will pay the bills? Will you be able to resume when everything is back to normal?
INSURANCE TYPES
Requirements for Louisiana Auto Insurance
Louisiana requires all state residents who are completing certain driver’s license transactions or trying to register a vehicle to provide proof of financial responsibility. We can help you with proof of Louisiana Auto Insurance.
Our insurance plans offer protection in three main areas that directly affect your bottom line. Do you have adequate business insurance coverage in each of the following areas?
- Property Coverage
- Liability
- Business Interruption
A Homeowner’s Insurance Policy covers your home and personal property against loss from covered perils. This coverage will pay to repair, rebuild, or replace your damaged or lost property.
We Offer the Following Personal Lines of Insurance:
Our goal is to protect you and your family from those unexpected events by finding the right coverage at an affordable rate. If you need Auto, Home, Umbrella or any other personal insurance coverage, we can tailor a package to fit your individual personal insurance needs.
Using our experience in providing regional flood coverage, we will help evaluate your risks for flood damage and craft an affordable insurance plan that takes into consideration your level of risk.
We specialize in providing cost-effective insurance for Churchs in Louisiana, Mississippi & Alabama.
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Fassbender Insurance Agency
Information on Commercial Insurance Policies
Commercial Insurance is for anyone with a small business or corporation.
LIABILITY Commercial COVERAGE
Liability coverage generally protects you from claims that arise out of harm to your business (including employees)
COMMERCIAL PROPERTY COVERAGE
Property coverage is often divided into two parts in a business policy:
Fixed Property (buildings, fixtures, etc.)
Contents (equipment, inventory, etc.)
Or it can be a combined single limit.
Your business’ property can be covered as “All Risk” or “Specified Peril”.
BUSINESS INTERRUPTION
Business Interruption Insurance will replace your businesses income if a disaster happens. What happens if your business is shut down? Who will pay the bills? Will you be able to resume when everything is back to normal?
Workers Compensation
Workers Compensation covers the employees medical expenses, lost wages, death benefits and rehabilitation for work related injuries or illnesses.
All employers with at least one employee must carry Worker’s Comp Insurance… Subcontractors/independent contractors/ and their employees must also be covered (unless they’re independent enterprises). Construction businesses are also required to have workers’ compensation insurance.
Professional Liability Insurance
Also Known as Errors & Omissions (E&O)
This protects you and your business if a mistake is made on the professional service you provided.
Builders Risk
Builder’s Risk is also known as “Course of Construction or Inland Marine Coverage”…
Builder’s Risk Insurance protects insurable interest in materials & equipment awaiting installation during the construction or renovation.
Builder’s risk insurance covers you, the policyholder, against damage to buildings while they are under construction….
Builder’s risk insurance is usually bought by the owner of the building or land. Occasionally the general contractor will buy it, if it is stated as a requirement in the contract.