Amstate Insurance Agency
1175 Old Spanish Trail
Slidell, LA 70458
Call 985-646-0211
Toll Free 1-877-646-0211
COMMERCIAL (BUSINESS) INSURANCE
As an owner or potential owner of a business, you have many important decisions to make about your operations, and insuring your business to protect your assets is one of the most crucial.
According to the Independent Insurance Agents of America, no matter how large or small your business, you face liability, which means that your business could be held accountable when someone else suffers an injury or damage to their property because of something your business did or did not do.
No business can afford to be unprotected.
Liability insurance protects your business assets when the business is sued for something the business did (or failed to do) that contributed to injury or property damage to someone else. Liability coverage extends not only to paying damages but also to the attorneys' fees and other costs involved in defending against the lawsuit, whether valid or not.
Generally, commercial liability insurance, whether purchased in a separate policy, or as part of a standard business owner's policy, will cover bodily injury, property damage, personal injury or advertising injury. The medical expenses of a person (other than an employee) injured at the business or as a direct result of the operations of the business are also covered.
Usually excluded from both types of liability insurance policies are suits by customers against a business for nonperformance of a contract and by employees charging wrongful termination or racial or gender discrimination or harassment.
We recommend you take the time to review your policy coverage as your company grows.
General Liability Coverage includes:
- Bodily injury - includes sickness, disease or death sustained by a person or persons.
- Property damage - includes physical damage to someone else's property and loss-of-use of the damaged property.
- Personal injury or advertising injury - personal injury refers to harm to another person's or business's reputation or basic right to privacy. Advertising injury refers to harm caused by an advertisement, such as an ad slandering a competitor.
- Products and completed operations injury - product coverage is extended to any harm that a business's reputation might cause, including injury arising from "complicated operations" such as repair work or electrical installations.
- You will need to carefully consider the limits that are sufficient to cover the type of work you are doing, the product you are selling and the amount of interaction you have with the public.
- Remember, no two businesses are alike. We can help you design an insurance program specifically tailored to meet your needs, and protect your business from the many risks you face in your daily operations.
The above description provides a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.