Comprehensive Protection Across 15+ States
Founded in 2003 in Baton Rouge, Louisiana, Hailey Insurance has expanded to serve clients across over 15 states. We partner with A.M. Best “A+” rated carriers for reliable claim handling and offer premium discounts based on your business's characteristics. Our goal is to provide quality insurance solutions that are both comprehensive and affordable.
Professional Liability Insurance
Professional liability insurance is also known as errors & omissions (E&O) or malpractice insurance. This coverage is tailored for individuals and businesses that provide a professional service to their clients, such as accounting firms, law firms, advertising agencies, insurance agencies, and engineering & design firms. If an employee makes a mistake causing a financial loss to a client, your professional liability insurance will pay for legal defense and payment of judgments against you.
There are two types of professional liability policies: claims-made and occurrence. Most professional liability insurance policies are “claims-made,” meaning that the policy must be in effect both when the event took place and when a lawsuit is filed for a claim to be paid. If, however, you change careers or retire, you may want to purchase an “occurrence” policy that will cover any claim for an event that took place during the period of coverage—even if the suit is filed after the policy lapses.
Professional liability insurance will pay the cost of legal defense against claims and payment of judgments against you, up to the limit of the policy. In general, coverage does not extend to non-financial losses or losses caused by intentional or dishonest acts. Other fees, such as licensing board penalties, may also be included. Policies will generally have a deductible ranging from $1,000 to $25,000. The amount of professional liability insurance you will need and how much it will cost depends upon the size of your business and the level of risk it poses.
You may be able to include professional liability coverage in a Commercial Package Policy (CPP) as an endorsement. Note, however, the professional liability coverage is not included in an in-home business policy or Business Owners Policy (BOP).
Shopping Centers & Commercial Property Insurance
Commercial property insurance is vital for businesses of all sizes, protecting valuable assets and ensuring continuity during unexpected events. At Hailey Insurance, we specialize in tailoring comprehensive coverage to meet the specific needs of Shopping Centers and Commercial Property owners. That's why we work closely with you to create a policy that provides comprehensive protection for your physical assets, outdoor fixtures, and even property belonging to others in your care. Our policies protect a wide range of business assets, including buildings, inventory, equipment, furniture, outdoor signage, and electronics. We proudly serve the Greater Baton Rouge, Louisiana area. Our coverage options include:
Our Property Protection package is essential for preserving the value of your shopping center or commercial property. This includes building coverage, which safeguards your main structures from damage due to risks such as fire, severe weather, or vandalism. Additionally, our appurtenant structures protection covers valuable additions like parking structures, signage, landscaping features, and storage facilities that enhance your property's appeal and functionality. In the unfortunate event that property damage forces your tenants to temporarily vacate, our lost rent reimbursement coverage helps compensate for the rental income you would lose during repairs or reconstruction.
Liability coverage is designed to protect your business from potential legal claims. Our directors' and officers' liability insurance shields board members and executives from personal liability for decisions made on behalf of your property management company or ownership group. General liability coverage protects against claims related to third-party injuries or property damage occurring on your premises, covering legal expenses and potential damages. We also provide premises liability coverage that specifically addresses risks unique to shopping centers and commercial properties, such as slip-and-fall incidents or security-related claims.
To further ensure comprehensive coverage, we offer additional protections tailored to the needs of commercial property owners. Our workers' compensation insurance ensures that your maintenance staff, security personnel, and other employees are covered for work-related injuries or illnesses, including medical expenses and lost wages. Equipment breakdown coverage protects against repair costs and business interruption losses resulting from the failure of critical systems such as HVAC, elevators, or electrical equipment. For those located in flood-prone areas, we provide optional flood insurance to protect against water damage that standard policies may not cover. Additionally, our cyber liability insurance safeguards against data breaches and cyber attacks that could compromise tenant or customer information. Business interruption insurance is also available to cover lost income and ongoing expenses if your property becomes temporarily unusable due to a covered event.
Why Hailey Insurance?
Give us a call today at (225) 296-0858 to schedule your appointment!
"Can not say enough good things about this company! You can tell they really care about their clients. They really took the time to make sure that all of our needs were met and are always happy to answer my many questions. Their response time is also unbeatable."
- Megan Mackay
Omni Physical Therapy, Baton Rouge, Louisiana