Business insurance and commercial insurance policies in Metairie, LA

October 31, 2016

Business insurance is more than just a business owners policy

You work hard at your business and it is probably your single most important asset. As a business owner you understand the importance of protecting your business assets. Business insurance, also called commercial insurance, should be part of any business owners risk management strategy. Botsay Insurance agency can help you with proper business coverage in Gretna, Harvey, Metairie or New Orleans, LA.

Every business faces risks. It does not matter whether you have a car dealership in Gretna, a diner in Harvey, a medical practice in Metairire or a hotel in New Orleans, you face clear and present risks. There are many types of businesses and each of them face the same general risks as well as certain specific risks.

For all those general or common risks, the business owners’ policy (BOP) is a good one. This policy combines all major property and liability risks into one package. When it comes to business insurance for small to medium sized operations, the business owner’s policy is a good starting point.

Generally, a BOP covers your buildings, your content, business interruption and 3rd party claims or liabilities. However, a BOP generally does not include commercial auto insurance, medical, worker’s compensation or professional liability or indemnity.

Commercial or business insurance is a complex field and although a BOP covers some important things there are still many gaps. You may need specific business insurance to cover risks and events that are unique to your line of business. For example, if you transport people you may need passenger liability insurance. If you work with hazardous materials, you may need some spill or environmental coverage.

When it comes to business insurance it is a good idea to consult with the professionals, such as those at Botsay. That way you will have peace of mind that you have business insurance that is good and proper.