At The Acosta Agency, LLC., we’ve become experts in assessing the challenges and opportunities that come with managing a business in various industries, locations, and personnel throughout the Louisiana area. This expertise is part of the job we love doing so much—serving as knowledgeable risk management advisors to local companies. From commercial property and auto to general liability and more specialized products, let us review the various coverage options with you.
As a business owner, every transaction you complete can result in either a profit or a risk. Protecting your business from the impact of potential customer lawsuits is very important. While an expertly crafted liability insurance policy can shield your business from this type of risk and expense, it can be forgotten until it’s too late.
What does business liability insurance cover?
Liability insurance covers the costs of legal fees, including court costs and the resulting award, if any is made. Imagine the peace of mind you’d have about attorney costs as a liability case grinds on—and if you’ve got valuable assets, those can be put in jeopardy from an aggressive attorney.
Liability insurance is appropriate for any business that could face potential lawsuits. There are four distinct types that you may need, depending on your business, and your tolerance for the risk of financial loss:
- Professional Liability
- Commercial General Liability
- Directors and Officers liability
- Commercial Crime Business Personal Property
- Business Owner Property (BOP)
There are other risks that may be covered, including:
- Bodily injury should a client trip and fall over your property, or lose footing on a slippery floor.
- Property damage and data loss should you accidentally spill a drink on a client’s server that causes data loss, or a tree falls on their car in your parking lot.
- Other risks that may not be apparent or expected.
Workers Comp Insurance
Keeping your employees safe at work is important. When a worker suffers an injury, workers compensation coverage provides your employees with the protection they need and provides you with peace of mind.
Protect your business. Ask about different types of insurance for you and your staff. Let us customize a plan that fits your exact situation. A little planning today could be vital in the future. We are here to help.