SURE, the member-owned insurance company for reliable coastal property protection, today announced its expansion into commercial insurance in Louisiana. Small and mid-sized Louisiana business owners can now bundle general liability and commercial property coverage with SURE’s business owners policy (BOP), which is underwritten, distributed, and serviced by SageSure.
SURE’s announcement follows the launch of its first commercial product in Texas earlier this year, further demonstrating its commitment to serving challenging property insurance markets. In the last year, eight property insurance companies in Louisiana have become insolvent because of excessive catastrophe losses and lack of adequate capital. At least 12 other companies have submitted withdrawal notices to leave the state.
SageSure’s team underwrites a broad range of classes, including restaurants, retail and wholesale, offices, habitational, artisan contractors, and other services. In all, SURE’s BOP program has eligibility for more than 300 classes.
SURE’s BOP offers coverage for a range of property loss events, liability for bodily injuries, liability for advertising injuries, loss of income caused by covered property events, and more.
Topics Commercial Lines Louisiana New Markets
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