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Louisiana Workers' Compensation Insurance
Protect your business and employees with Louisiana workers' comp
As a business owner, you understand that safeguarding your employees' well-being is a top priority. Securing workers' comp insurance in Louisiana provides essential financial and medical support to team members who might face job-related injuries or illnesses.
Whether you work in the hospitality sector of New Orleans or the diverse industries of Baton Rouge, having this insurance protects your business and helps you comply with state regulations. Connect with a Progressive Commercial agent to learn more about Louisiana workers' compensation guidelines.
Who needs workers' compensation insurance in Louisiana?
Under Louisiana workers' compensation laws, businesses with one or more employees are typically required to carry this coverage. This includes full-time, part-time, temporary, and seasonal employees. Having workers' comp insurance might also be necessary to meet the conditions of professional licenses and contract agreements.
Louisiana workers' compensation insurance exemptions
There are some exemptions to Louisiana workers' comp requirements, including:
- Private home workers
- Workers on unincorporated farms
- Musicians and performers
- Employees under federal laws
- Railroad and vessel workers in trade
- Crop dusting airplane crews
- Unpaid non-profit officers and board members
- Land rights professionals
Without workers' comp, employees might face financial challenges if injured on the job. Follow Louisiana's regulations and get the coverage you need to protect your team and your business.
What are the penalties for not having workers' comp in Louisiana?
If you don't have workers' comp insurance in Louisiana, you could face serious penalties like costly fines, legal sanctions, or a stop-work order. Consult with a Progressive Commercial specialist for expert advice and detailed guidance.
How much does workers' comp cost in Louisiana?
Louisiana workers' comp rates are influenced by different factors, including:
- Job classification code: The National Council on Compensation Insurance (NCCI) assigns specific class codes for jobs in Louisiana based on risk levels.
- Payroll: Louisiana workers' comp rates are determined per $100 of payroll, so a larger payroll may result in a higher premium.
- Claims history: The number of claims you've filed influences your workers' comp rates, with frequent claims potentially leading to higher premiums.
- Insurance carrier: Insurers may offer varying rates based on their unique evaluations of risk and pricing strategies.
How can you get workers' comp in Louisiana?
There are several ways you can get Louisiana workers' comp insurance:
- Private insurers: Louisiana businesses often purchase workers' comp insurance from private insurance companies, who can customize policies to fit your specific needs. Talk to a Progressive Commercial agent to learn about additional benefits.
- Self-insurance: You can apply for self-insurance for workers' comp through the Assistant Secretary of the Office of Workers’ Compensation. If approved, you could reduce premiums by covering claims with your own funds, but you'll be responsible for managing financial risks and administrative tasks.
- Assigned risk pool: New, high-risk businesses or those with a history of many claims might find it challenging to secure private coverage or self-insurance. In these cases, workers' compensation is available through the Louisiana Workers' Compensation Corporation (LWCC).
How does workers' comp work in Louisiana?
Louisiana workers' comp insurance supports employees dealing with job-related injuries or illnesses. Once an incident is reported, the employee or employer files a claim. If approved, the employee receives financial support, with the length determined by the severity of the condition.
Louisiana workers' compensation benefits include:
- Medical expenses
- Disability benefits
- Lost wages
- Rehabilitation costs
Workers' comp protects your business by supporting injured employees and aiding in their return to work. It also reduces the risk of lawsuits, since employees who receive benefits usually can't take legal action.
Louisiana workers' comp death benefits
In Louisiana, if an employee's work-related injury leads to death within two years of their last treatment, dependents who fully relied on their income will receive weekly benefits. These payments follow the state's workers' compensation guidelines.
Review Louisiana workers' comp death benefits for more information.
Louisiana workers' compensation statute of limitations
The statute of limitations for filing a workers' comp claim in Louisiana is one year from the date of injury. Encourage employees to report on-the-job accidents as soon as they happen to protect their right to receive benefits.
Why choose Progressive Commercial for Louisiana workers' comp
Progressive Commercial makes it easy to get the workers' comp coverage you need. For over 50 years, small businesses have trusted us to provide exceptional customer service, competitive pricing, and expert guidance.
Call us to talk to an agent or start an online quote today.
