Running a successful plumbing business in Louisiana requires more than plumbing expertise. It’s important to have the right insurance coverage to make sure your business and customers are protected against unforeseen events. In this post, we’ll walk through the insurance coverages you should consider as a plumbing business in Louisiana.
General Liability Insurance
General liability insurance is the essential policy just about any business needs to carry. This policy will cover you in case of bodily injury or property damage to third parties. For example, if you damage a customer’s property while working, such as flooding the laundry room, general liability insurance will help pay for this damage.
Professional Liability Insurance
Professional liability insurance, also known as Errors and Omissions insurance, protects you from claims of negligence or errors. For example, if you incorrectly install a fixture that leads to leaks or flooding, professional liability insurance will cover you. It also covers you if you give negligent advice that results in problems for a customer.
Workers’ Compensation Insurance
Workers’ compensation insurance is mandatory in Louisiana when you employ or contract workers for your business. It provides coverage for medical expenses, lost wages, and death benefits to workers who are injured while performing their job.
Commercial Auto Insurance
Commercial auto insurance is essential if you have company vehicles. This will cover damage to other vehicles or property and injury to others in the event of an accident. It will also cover damage to your vehicle and can protect you if they are involved in an accident with a driver who is under or uninsured.
Commercial Property Insurance
Commercial property insurance covers company buildings and the contents of those buildings. If your company’s building experiences damage or a total loss from fire or wind, this policy will help protect you. Commercial flood insurance is an additional policy that many Louisiana businesses need to consider.
How to Find the Right Insurance Provider
What should you look for in an insurance provider? Consider the following:
- Longevity & Reputation - How long has the insurance agency been in business and do they have a great reputation in Louisiana? Lewis Mohr is a family-owned insurance agency that has been in business for more than 50 years. We exclusively partner with insurance companies that adhere to stringent financial and ethical standards, which have consistently demonstrated their reliability and integrity over time.
- Coverage Options - When you choose an independent insurance agency, like Lewis Mohr, we have the ability to shop your policy to numerous insurance carriers. This allows you to get the best rate not being locked into a certain company.
- Customer Service - When a claim happens, does your insurance company stand by you? Anytime you have a question or a claim, Lewis Mohr is here to help with timely and responsive service. We work around the clock to make sure you’re taken care of.
Adequate insurance is crucial for the long-term success of your plumbing business in Louisiana. It provides financial protection from unexpected events, allowing you to focus on providing quality services to your customers. If you need insurance for your business, please contact us. We’re happy to help!
