16 Oct Tips For Buying Business Insurance – New Orleans, LA
We understand today’s business insurance situation: thousands of different options, a myriad of city and state requirements, and the search for adequate coverage for the right price. Although some insist on cheap business insurance, it doesn’t always work well for all. Here are a few tips that can help you and your business get the right coverage and to ask for the right insurance quote.
Assess Your Business
Let’s face it, not all businesses need the same type of coverage or have the same budget. To assess your needs, we will determine your risk through a process called underwriting, in which we will review your application and determine the amount our insurance partners can provide. As we’ve mentioned before, all insurance policies consist of two parts, a premium, and a deductible. Premium is nothing but the price of your insurance coverage, and it varies from insurer to insurer. Your business insurance deductible is the amount you’ll pay when making a claim, and it has an inverse relation to your premium: the higher your deductible, the lower your premium.
Find Insurance Options
At AWS we will find the best quote for your business, as our insurance partners offer the most competitive rates and the best coverage. We understand all companies are different, and although your coverage needs will vary depending on the type of business you operate, we cover the basics like property, liability, commercial auto, workers compensation and Business Owner Package.
Talk To Experts; Licensed Agents
When looking for business insurance quotes, surround yourself with a team of experts you can trust. As brokers, we understand the risks associated with all types of businesses and are ready to look at your individual situation. Brokers at AWS have extensive experience auditing businesses, and they can uncover potential risks and maximize asset protection.
Assess Your Insurance Annually
Because your business is always changing, contact your business insurance advisors before renewing your policy. Chances are your business grew and you’ll need a revised coverage plan. Whether you bought new equipment, added vehicles to your fleet, or simply expanded your operations, we got you covered.
Remember your state and locality determine the insurance requirements for your business. Most basic coverage will include workers’ compensation, unemployment insurance, and state disability. Call us today and get a free business insurance quote.
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.