A commercial insurance policy can provide crucial support for your business’s financial well-being. One of the most frequently asked questions at MultiSurance is the extent of coverage required. Business owners in New Orleans, LA, often inquire if investing in commercial insurance is necessary and how much they should get. Interestingly, some forms of commercial insurance are mandatory in New Orleans. Here’s what you need to understand about the commercial insurance requirements for your business.
What Commercial Insurance Does My Business Absolutely Need?
As a business owner operating in New Orleans, it’s essential to know that two types of commercial insurance are legally required: workers’ compensation and commercial auto insurance. If you have employees, workers’ compensation is essential as it safeguards your employees in case of mishaps or illnesses that happen on the job, offering protection for you as well. On the other hand, commercial auto insurance protects your commercial vehicles and those who drive them, offering coverage for accidents, property damage, theft, and similar situations. It’s also noteworthy that some policies, like general liability insurance, may not be legally required but could be mandated by commercial property owners.
Secure Appropriate Coverage for Your Needs with MultiSurance
Whether you’re seeking an insurance policy that caters to your basic legal necessities or exploring more comprehensive coverage options for your business in New Orleans, LA, we’re here to help! Get a quote from us today, or reach out if you need any queries addressed before choosing the right commercial insurance policy.
