Is Workers Compensation Insurance Required in Louisiana?
Yes, by law, the State of Louisiana requires employers to provide workers compensation insurance to cover lost wages and medical bills incurred as a result of an on the job accident or work related illness. There are a few exceptions to the laws requiring workers compensation insurance. For example, an extremely small business, such as a home business operated by one or two people, may not need workers compensation insurance.
What does Workers Compensation Insurance Cover?
Workers compensation is insurance coverage for employees injured by a work related accident or illness. This includes injuries that may be the result of an illness caused by exposure to chemicals or airborne pollutants while on the job as well as an on the job accident regardless of who was at fault for the injury.
Workers' compensation insurance protects employers and business owners from claims by employees resulting from an on the job injury by providing medical benefits and wage replacement in exchange for relinquishing of the employee's right to sue the employer for negligence. If a worker dies as a result of injuries sustained on the job, workers compensation insurance provides compensation to the employee's family.
Make Sure Your Business Complies with Louisiana State Law!
Workers Compensation Insurance is required for most businesses in Louisiana. Speak with a Commercial Insurance Specialist from Alliance Insurance Agency Services, Inc. to be sure your business complies with Louisiana State law regarding workers compensation insurance coverage.
Questions about Workers Compensation Insurance?
Alliance Insurance Agency Services, Inc. provides free consultation regarding commercial insurance coverage to businesses in the New Orleans area and all of Louisiana. Contact our Metairie insurance office at 504-831-2196 for businesses on the Southshore or call us at 985-273-3150 for businesses on the Northshore.