Louisiana Business Insurance
Customized protection for your Louisiana business
Louisiana small business owners should consider business insurance to protect them from a variety of risks, including employee injury, customer mishaps and commercial property damage. Without it, a single incident can lead to handling business interruptions and expensive recovery costs on your own.
Louisiana reported 33,600 non-fatal workplace injuries in 2018, with 76% of them from private sector businesses, according to the Bureau of Labor Statistics. An employee missing work can threaten your cashflow and cause your business operations to suffer.
Shop for workers’ comp, a business owners policy (BOP), general liability and more through the Progressive Advantage® Business Program. We’ll help you customize a Louisiana policy that meets both your needs and budget.
Types of LA business insurance
How much does business insurance cost in Louisiana?
The cost of a Louisiana business insurance policy depends on a variety of factors, including your industry, coverage needs, business size and location. For example, a business located near the coast in New Orleans can expect a different rate than a business located inland near Shreveport.
The most influential factor is the type of work that you do. Businesses are usually rated on the risks and exposures that are common to their industry. High-risk professions, such as arborists and general contractors, need specialized insurance called excess and surplus (E&S) insurance, which usually costs more.
Learn more about the factors that affect your business insurance rate. You can also get a customized quote online to find out exactly what you’ll pay.
Louisiana business insurance requirements
Businesses can get coverage through a private insurance carrier, apply to become self-insured or become a member of a group self-insurance fund.
Some employees are exempt from workers’ comp coverage, including those who work at a private residence or unincorporated farm, certain musicians and performers, and unpaid non-profit officers and board members. It’s best to check with the state’s Workforce Commission if you’re unsure if you need to provide coverage for your employees.
Although Louisiana law only requires workers’ comp, many prospective clients might require additional insurance coverages, such as general liability. Their business contracts often include the coverages and limits you must carry before you can begin working with them.
Resources for Louisiana small business owners:
Louisiana professions we insure
We help small business owners from a wide variety of industries, including these common professions:
Browse more examples of professions we insure.
Business insurance for all Louisiana cities
We can customize business insurance in all Louisiana cities, including, but not limited to: