Professional Indemnity Insurance
The new law, signed by Governor Jeff Landry, repeals the three-year rule, allowing insurance companies to drop up to 5% of their long-standing policies starting in 2025. This change aims to increase competition among insurers and stabilize the insurance market. However, it has raised concerns about consumer protections and the potential for increased premiums for some policyholders. Professional indemnity insurance are work with an insurance agent or broker who can help you navigate the new regulations and find the best coverage options and ensure that your current commercial auto insurance policy meets your business needs and provides adequate coverage.
