When you own a business in Louisiana, there are a number of commercial insurance policies that you may need to keep it protected. There are some that may be required for your business. You need to know what these policies are so that you can stay compliant. To keep your business both protected and compliant, you can come to us for your commercial insurance needs. Just call us at Soto Insurance Agency in Covington, LA.
Workers’ Compensation Insurance
Louisiana has a workers’ compensation insurance policy that’s a little more complicated than in most states. If you have employees, you are required to have this type of coverage for all of your employees. This includes all employees, including seasonal workers as well as minors and anyone part-time or full-time.
The state, however, will allow you to forgo this insurance if you apply for self-insurance. This has to be approved by the state in order to be a substitute for this insurance. This insurance pays for illnesses and injuries that can happen at work as well as any disability benefits that are needed by an employee after a work-related injury.
Commercial Auto Insurance
When you have a business that owns a vehicle, you have to have a commercial auto policy for it. This goes for every vehicle your business owns. This policy has to have certain minimum amounts of coverage for bodily injury liability and property damage liability. These cover the damage to someone else’s property and the medical bills of those who are injured. However, it doesn’t cover your own property. For that coverage, you need to add collision coverage to your policy. This pays for the damage to your own vehicle from an accident.
Get Commercial Insurance
When you need insurance for your business needs, call us at Soto Insurance Agency in Covington, LA.
