If disaster should strike (e.g. a devastating storm, lawsuit, or car accident) a solid business insurance policy could be the one thing that keeps your business from going under. Lemoine Insurance Agency, Deridder, LA's experts in business, vehicle, and homeowners insurance, explains that business insurance is a collection of different types of coverage. Each type is discussed briefly to help business owners understand the basics. The agency has been in operation for more than 30 years, so they have the experience and expertise to help you choose a policy that protects what you value most.
5 Components of High-Quality Business Insurance
Liability coverage comes in two types: general liability and professional liability. The first protects your company should you be sued for injuries or damages someone suffered while using your service or product. Professional liability (or errors and omissions) coverage protects you if you're sued for malpractice or negligence; this is often required by law for doctors, lawyers, and other professionals. Both types cover attorney fees, court costs, fines, and other legal expenses.
Business property insurance protects your building, equipment, and furniture (both rented and leased) should it be damaged or destroyed by fire, storm, vandalism, or another event.
Business Vehicle Insurance
Business vehicle insurance covers damages and liability should you or an employee be involved in a traffic accident during business use.
Interruption of Business Coverage
Business interruption insurance safeguards you against loss should your business be forced to close due to damaged equipment, loss of premises, or other unexpected events. Typically, it provides a flow of cash for up to a year until you can resume operations.
Umbrella Liability Coverage
An umbrella policy fills any gaps in your other policies to give you the most protection. For instance, it pays any amount above your liability limits and includes areas not protected by other types of coverage.
Lemoine Insurance Agency, the premier homeowners, vehicle, and business insurance agency in Deridder, LA, offers invaluable advice to businesses and individuals in need of high-quality products at affordable rates. Visit their website for location and contact details, or call (337) 463-4070 to discuss your needs with a courteous and experienced professional.