Business & Commercial Insurance
Business & Commercial Insurance Quote Forms
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Business & Commercial Insurance Information
For Companies In Winnsboro, Monroe And Surrounding Areas In Louisiana
Starting a business is an exciting venture, but it can come with a lot of risk. Lawsuits and property damage can threaten a small business' success within the first few years of inception. Business insurance can be the difference between failing in the first five years as most businesses do or growing to be a successful business.
Scriber Insurance agents work with businessowners across North Louisiana to find and adjust policies to fit their business. Every industry and company is different so it's important to have a policy geared specifically for your business. Call us at (318) 435-9771 to get started.
Common Business Insurance Questions
The insurance your business needs depends primarily on the industry. We can help you find the coverage that's perfect for your business. Most small businesses need basic insurance coverage such as:
- General Liability: This insurance covers claims of bodily injury and property damage of third parties that occur as a result of normal business activity.
- Commercial Auto Insurance: This insurance provides protection for vehicles used or owned by the business for work purposes.
- Workers Compensation: Workers compensation helps with medical expenses if an employee is injured on the job.
Though they are set up differently than most businesses, LLCs still need insurance. Any LLC that has employees should have workers compensation. Liability insurance is crucial for LLCs, since the liability lawsuits may find its way to the businessowner.
Regulations for small businesses vary per industry and location. One business with 250 employees could be considered a small business on the larger side, while a business with 1,000 employees in a different industry can also be considered a small business.
Either way, any number of employees should be covered under insurance.
Business insurance premiums vary widely depending on the type and amount of coverage, size of the business, industry, location and more. In Louisiana, small businesses may pay $300 to $5,000 a year for a standalone general liability policy. Meanwhile, the average cost of bundling coverages into a BOP may cost a small business $500 to $3,500 a year.
Business insurance is typically paid on an annual basis.
Various business insurance policies cover a range of risks to the business, its employees and its owners. It can cover damage to the business property, lawsuits, third-party injuries and more.