Louisiana & Mississippi Commercial Insurance Services
At Champion Insurance Partners we understand all aspects of business insurance. We know you want and need to have the confidence that the business you have created and built is adequately covered. Making sure your business is covered by an insurance agency that understands your business is an important factor in running a business.
Champion Insurance Partners is here to help by giving you a wide range of protection for all businesses and their subsidiaries under one policy. There are so many types of commercial business insurance that can take care of property, auto, liability and workers compensation, to name a few.
Commercial business insurance is a vital aspect of any business and should not be ignored. Whatever needs you have regarding commercial insurance, Champion Insurance Partners can build a protection program that is right for you and your company.
Commercial Property Insurance
Commercial Property Insurance helps protect your company’s physical assets from loss due to fire, explosions, theft, vandalism, etc. Coverage can help protect all property vital to the operation of your business, extending beyond buildings and offices, to equipment, furniture, inventory, and other physical assets important to the company. Another important aspect of a property policy is protection against loss of income or revenue in the event of property loss. These provisions could allow payments for lost earnings and continuing expenses during the period of restoration of your business. Commercial property insurance is especially important for many small businesses, who may otherwise lack the cash to replace what’s needed to keep a business running.
There is no one size fits all for Commercial Property Insurance and your policy should be written to cover your specific needs when considering the costs and benefits of each option available. We can go over all the options available and help tailor a policy that meets the specific needs of your business.
General Liability Insurance
General Liability Insurance is one of the most important coverages you can buy for your business, and almost every business has a need for it. General Liability insurance helps cover medical expenses and attorney fees for bodily injuries and property damage resulting from your products, services, or operations. It may also cover you if you are held liable for damages to your landlord’s property, as well as for advertising damage claims made against your business. Without this coverage, you may have to pay the cost of these claims with your own business and personal assets.
General liability insurance typically doesn’t cover employee injuries, auto accidents, punitive damages (in most states), workmanship, intentional acts or professional mistakes.
Worker's Compensation Insurance
Workers Compensation Insurance covers medical expenses and a portion of lost wages for employees who become injured or ill on the job. Coverage also includes rehabilitation and death benefits. Businesses must use reasonable care to ensure their workplaces are safe, but accidents can and do happen, and when they do, workers compensation insurance provides coverage. Workers compensation serves two purposes for a business. First it helps ensure that workers who are injured on the job, can get treatment for their injuries, in addition to receiving a portion of their income until they are able to work. Secondly, it usually protects employers from lawsuits by workers injured on the job.
Commercial Auto Insurance
Commercial auto helps cover the costs to repair physical damage to your business vehicles caused by theft, weather events, or collisions. This coverage can help pay for property and medical expenses and legal fees resulting from an accident while your company’s vehicle is used in a work capacity. Your business needs are not necessarily the same as your personal needs. Depending on your business, you may need more extensive coverage for hazardous materials, dangerous equipment, or heavy loads.
Professional Liability Insurance
Professional liability insurance, commonly known as errors & omissions (E&O) coverage, is a form of liability insurance which helps protect individuals and companies from responsibility for the full cost of defending against a negligence claim made by a client. The coverage focuses on alleged failure to perform, or an error or omission in the service or product sold by the policyholder. Professional liability insurance may take on different forms and names depending on the profession, and is sometimes required under contract by the businesses that are beneficiaries of the advice or service.
Liquor Liability insurance is a policy designed for businesses that sell, distribute, manufacture, or serve alcohol. These policies cover costs of claims arising from damages or injuries caused by inebriated patrons, in addition to legal bills if an injured party brings a lawsuit for damages caused by such a patron. Even for a business who did nothing wrong and was in no way responsible for an accident, the cost of defending against a lawsuit can be substantial. Coverage for alcohol-related incidents is limited in general liability policies, making liquor liability an important consideration for most businesses engaged in selling and serving alcohol.