Services available in Louisiana, Mississippi and Florida
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Assault and Battery |
Builders Risk |
Commercial Auto |
Bond |
Business Income |
Definitions:
Assault and Battery: Assault and battery offers coverage for third party liability claims arising out of any assault or battery. Coverage is patron to patron or employees to patron. Even the best run, most low-key establishment faces some risk of incident and subsequent claim.
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Builders Risk: This provides property insurance for buildings in the course of construction. Depending on the policy, this coverage can be for either the building's value at the time of loss or its full value at the time of completion.
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Commercial Auto: A commercial automobile policy provides coverage for legal liability for others' bodily injury or property damage arising out of the use of your business automobiles. Physical damage coverage protects your vehicles in case of accident or damage or damage caused by fire, hail, and other risks. You can designate coverage for owned vehicles as well as leased, hired and/or borrowed vehicles. More coverage options are also available.
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Bond: A written agreement under which the surety agrees to pay, within stated limits, for a financial loss caused to another (obligee) by the act or default of a third party (principal) or by some contingency over which the principal may have no control.
Business Income:
This provides coverage for loss of earnings that results when a business must shut down or curtail its operations after damage or destruction of property by an insured peril. Coverage applies for the length of time it takes to rebuild, repair, or replace the damaged or destroyed property so that business operations can resume.
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Directors & Officers: Directors and Officers Liability Insurance (often called 0&0) is liability insurance payable to the directors and officers of a company, or to the
organization's) itself, to cover damages or defense costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful acts while acting in their capacity as directors and officers for the organization.
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Equipment breakdown coverage: Equipment breakdown provides coverage for accidental loss arising from the operation of a boiler, pressure, mechanical, and electrical equipment, and machinery. Such policies may include coverage for loss to the boiler and machinery itself, for liability from damage done to other property, and for loss from business interruption. Formerly called boiler and machinery coverage.
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Errors & Omissions: Errors and omissions insurance is business liability insurance for professionals such as insurance agents, real estate agents and brokers, architects, third party administrators and other business professionals. An error or omission, a mistake, which causes financial harm to another, can occur on almost any transaction in any profession. This type of insurance helps to protect a professional, an individual or a company, from bearing the full cost of defense for lawsuits relating to an error or omission in providing covered Professional Services. This is a separate coverage from a standard general liability or property insurance policy.
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Flood insurance: Flood insurance protects against water from an overflowing river or a hurricane's tidal surge and also covers damage from water that builds up during storms.
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Commercial General Liability:
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Garage liability: 4 Insurance covering the legal liability of automobile dealers, garages, repair shops, and service stations for claims of bodily injury and property damage arising out of business operations. Damage to customers' vehicles is excluded from this coverage; however,
garage keepers coverage can be written as a part of the garage policy to cover that exposure.
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General liability: Commercial general liability provides coverage including defense for liabilities associated with operating a commercial business enterprise. Policies are tailored to meet the specific risk management needs of your business. Liability
coverage's typically include coverage for tenants' property damage liability, medical payments, garage keepers and additional
insured when required by written contract.
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Inland Marine: Primarily covers property in transit such as from warehouse to warehouse or warehouse to retail store, as well as other people's property left on your business premises, such as clothes left at a dry cleaning business or an employee's personal effects left in the company locker room.
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Liquor Liability: Liquor liability endorsements are designed to provide liability insurance protection for businesses that manufacture, distribute or sell liquor. This helps protect you if a customer has too much to drink and drives and hurts themselves or someone else.
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Commercial Property: A commercial property policy provides coverage for your buildings and contents.
Coverage's range from specific named-perils policies to broader all risk policies and can include food contamination and spoilage, outdoor signs, etc.
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Special Event: This type of insurance provides general liability and protection for special events including festivals, fairs, concerts, classic car shows and other occasions. You can buy single day or multiple day coverage.
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Umbrella/Excess Liability: With an Umbrella/Excess Liability Policy in place, there are fewer worries about depleting valuable business assets or future income to cover catastrophic liability claims. An Umbrella Liability Policy supplements your existing policy's general liability, auto liability and employers liability limits.
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Workers Compensation: Workers' compensation insurance provides benefits to employees for work-related injuries. Coverage includes medical care and a portion of lost wages when the employee is unable to work. This insurance also provides benefits for the employee's dependents if the employee dies during work-related duty.
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