For businesses in Louisiana that rely on commercial auto insurance in Covington, the repeal of the three-year rule means that insurers now have more flexibility in managing their policies. This could lead to more competitive pricing and better coverage options for businesses. However, it also means that businesses may need to be more proactive in reviewing their insurance policies and ensuring they have adequate coverage. Bodily injury liability, covers medical expenses for injuries caused to others in an accident. Property damage liability, covers damage to another person's property in an accident, collision coverage pays for repairs or replacement of your business vehicle if it is damaged in an accident.
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