At AWS Insurance, we know how important your commercial business property is. Let’s face it, it’s your business and financial source, which means it’s that much more important that you protect your assets. With Property Insurance Coverage, you can protect your business from major storms, floods, and fires that have the risk of destroying your business and your assets. Depending on the type of business, this kind of devastation can put your entire infrastructure in jeopardy and even lead to temporary shutdown of your business – meaning no cash flow.
With Business Income Insurance, you can rest assured that the costs associated with how your business runs will be covered and you can focus on getting your business running smoothly again.
Although the type of coverage your small business needs differs based on the type of business you own, most business owners require a combination of the following types of coverage:
Property Insurance Coverage in Louisiana – What should you cover?
Every business has some type of tangible assets that are necessary for you to complete your day-to-day work (in addition to your property of course). Property Insurance Coverage and Business Income Insurance Coverage can be added for lost income while your business is closed, computer equipment and furniture, and office supplies. You can also opt for coverage on the sign for your business, we don’t have to tell you how important that is in Louisiana. Some coverage options that should also be considered that aren’t originally considered are coverage for power surges, mechanical malfunctions, or gas leak explosions. With a Property Insurance Coverage through AWS Insurance, you can rest assured that we have all these areas on our radar. Our esteemed insurance agents will work with you to find a policy that works.
With a great policy under AWS Insurance advisors, we’ll have your damaged property repaired or rebuilt in no time at all so you can avoid any significant loss in income and preserve your way of life.
When asking yourself how much Property Insurance Coverage you need for your business, it is common to review the following information about your property and assets. Your coverage amounts are commonly determined by the following:
- Appraisal value of property.
- Estimated cost of replacement.
- Type of building, number of stories, square ft.
- Original purchase price.
- Age and building condition.
Why you need Business Income Insurance in Louisiana
Although Property Insurance Coverage will cover the loss of your tangible assets and physical property of your job, you need Business Income Insurance Coverage to cover the costs of keeping your business operating efficiently. These costs include fixed expenses like rent, advertising, payroll, utilities, etc. Other than fixed expenses, Business Income Insurance coverage will also cover the profits of your company based on your financial records during the time your business is inactive. In addition, business income insurance coverage will also pay for relocation expenses while your business is being rebuilt as a result of destruction from a fire or flood.
Contact AWS Insurance today for a free consultation about our coverage policies and what we can do for your needs.
AWS Insurance serves New Orleans, Metairie, Kenner, and Southern Louisiana by providing protection for your home, business, or family with affordable plans in property insurance, liability insurance, life insurance, car insurance, and flood insurance from our Metairie, LA office. Our corporate clients can rest assured that our dedicated advisers at AWS Risk Management, LLC will help you implement workable solutions that achieve maximum asset protection with minimal cost of risk to your company.